Investors looking for an alternative to traditional markets may want to consider gold as an option in the years ahead. According to Mike Larson, senior analyst at Weiss Ratings, gold is set to have a strong performance going into 2024.
Larson speaks from a wealth of experience, having been involved in the financial services industry since 1990. His experience over three decades has helped him make an informed decision when it comes to predicting which markets will be strong in the years ahead.
Specifically, he expects to see a resurgence in gold prices into 2024. This follows a decade of very little growth in the value of gold and is due to certain factors increasing the demand for gold around the world. These factors include inflation, central bank stimulus packages, and ongoing geopolitical uncertainty.
In particular, Larson is bullish on gold due to its role as a safe-haven asset. Gold has always been a reliable store of wealth, which means that investors who maintain a long-term view and put their money in gold will likely be rewarded with steady returns.
Furthermore, Larson believes that gold will remain a viable investment option for years to come. He notes that the gold market may be volatile at times and its performance could be affected by the success of other markets. However, its status as a safe-haven asset means that gold will be a wise investment for anyone looking for returns over the long-term.
Therefore, if you are seeking an alternative to traditional markets, consider gold as an option going into 2024. Mike Larson’s predictions are indeed bullish and patient investors will certainly be rewarded for their patience if they do decide to invest in gold.