According to Mike Larson, an expert commodity analyst at Higgin Financial, gold prices have been strong and are expected to remain so into 2024. He believes patient investors who buy the yellow metal can expect to be rewarded with a decent return on their investment. The backdrop of low interest rates that are expected to remain in place, coupled with increased investment in the burgeoning cryptocurrency space, makes now an ideal time to buy gold.
Larson is also bullish on other precious metals such as silver and platinum, which are benefiting from strong industrial demand and the uncertain economic climate that is expected in the months ahead. According to Larson, silver in particular has great potential as a long-term investment for patient investors, who can expect to see a decent return on their investment if they buy now.
Overall, Larson believes that gold is a solid asset to invest in and the current environment is an opportune time to buy. He predicts that the prices could see a nice jump in 2024 if economic uncertainty continues, which he believes is likely. He suggests that patient investors who buy gold now could benefit handsomely from the potential upside in the long run.