Geopolitical tensions driving gold

Why Gold Could Hit $3,000 — The Market Is Facing a Major Shift

EDITOR'S NOTES

Chantelle Schieven, Head of Research at Capitalight Research, believes gold is poised for a significant rally, potentially reaching $3,000 an ounce soon. She attributes this to rising geopolitical tensions, particularly in the Middle East, and long-term issues like ballooning global debt, political instability, and the declining dominance of the U.S. dollar. Schieven argues that gold’s current bull market is just beginning, with both short-term volatility and long-term catalysts driving prices higher. She advises investors to act now, as gold offers a prime opportunity to safeguard and grow wealth amidst global uncertainty.

You’ve probably heard the buzz about gold hitting new highs, but according to one expert, we’re just getting started. If you’ve been watching the markets closely or paying attention to world events, you might already sense that something big is coming. And folks, the stars are aligning for gold to make a serious run — possibly hitting $3,000 an ounce before we know it.

In a recent interview with Kitco News, Chantelle Schieven, Head of Research at Capitalight Research, shared why she believes gold is about to see another major rally. Sure, the market may be catching its breath right now, but the next leg up could be just around the corner.

What’s Driving Gold Higher?

One of the biggest factors pushing gold up this year has been geopolitical uncertainty. Gold has already seen a nearly 30% rise, largely due to rising tensions around the world. And while the safe-haven demand for gold has been surprisingly low so far, Schieven thinks that’s about to change.

Take the Middle East, for example. The escalating conflict between Israel, Hezbollah, and Iran could be a game-changer. If this situation worsens, Schieven believes gold could shoot up by another 10%. In that case, we could see gold hit $3,000 an ounce before the end of this year.

But what if tensions cool off? Even then, Schieven is confident in gold’s long-term strength. Any short-term pullback would just be a bump in the road.

Long-Term Catalysts Are Building

Schieven isn’t just focused on the here and now — she sees a much bigger picture unfolding. The factors that are driving gold higher have been brewing for years. Think about all the signs we’ve been talking about: growing global debt, political instability, and an increasingly fractured world economy. These aren’t just short-term issues; they’re deep-rooted problems that are finally coming to a head.

She pointed out that gold’s current rally is still in its early stages. We haven’t even hit that “euphoria” phase yet — the point where prices could really take off. So, if you think you’ve missed the boat, don’t worry. Schieven believes we’re nowhere near the top of this cycle.

The Global Shift Away From the Dollar

One of the most critical long-term drivers for gold? The decline of the U.S. dollar’s dominance on the world stage. Schieven noted that even if Russia’s war in Ukraine were to end tomorrow, the underlying distrust between Western and Eastern nations would remain. This mistrust is pushing countries to diversify away from the U.S. dollar and into alternatives — and gold is at the top of that list.

The world is moving away from globalization, and that’s a big deal. While the dollar isn’t going to disappear, its role is definitely shrinking. As more countries look for ways to reduce their reliance on the dollar, they’re going to keep buying gold. And that’s not just speculation — we’re already seeing it happen.

The Debt Problem No One’s Talking About

Another massive issue that’s helping gold is the ballooning levels of sovereign debt, especially in the U.S. We’ve got over $35 trillion in national debt, and it’s only going up. The U.S. government’s deficit continues to grow, and neither of the current presidential candidates seems to have any real plan to tackle it. This debt is slowly chipping away at the purchasing power of the dollar — and every other fiat currency, for that matter.

Schieven pointed out that this is one of the biggest threats facing the global economy. Central banks can’t keep interest rates high forever, which means more uncertainty around inflation. And that, in her view, is why gold and silver are set to stay in a bull market for years to come.

$3,000 Gold Is Within Reach

While Schieven sees a potential for gold to hit $3,000 in a volatile short-term move (especially if global tensions spike), she’s even more confident that gold will eventually reach that level as part of a steady, sustainable bull market.

If you’ve been on the fence about investing in gold, now is the time to act. We’re facing a perfect storm of geopolitical chaos, skyrocketing debt, and weakening currencies. The conditions are ripe for gold to continue its upward trajectory.

Don’t Wait — Position Yourself for What’s Coming

I get it. Times are tough, and it’s hard to know where to put your money. But with everything we’re seeing in the world right now, gold isn’t just a safe bet — it’s one of the best opportunities you’ll find to protect and grow your wealth. Whether it’s through physical gold or something like gold-backed IRAs, this is a moment to position yourself wisely.

Need more info? Check out Bill’s book and the Innercircle NEWSROOM for insights on how to safeguard your wealth during these uncertain times. You can get started right here: Seven Steps to Protect Yourself.

Don’t sit on the sidelines. Gold’s next big move is coming — and you’ll want to be ready.

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