Gold expert: If the price breaks this resistance, then the Sky is the Limit - Video

Waldemar Meyer, head of the gold trade in Bar9.com speaks with Inside-economy-editor-in-chief Manuel Koch on the development of the gold price . The price of go

Gold expert: If the price breaks this resistance, then the Sky is the Limit - Video

Waldemar Meyer, head of the gold trade in Bar9.com speaks with Inside-economy-editor-in-chief Manuel Koch on the development of the gold price . The price of gold is soaring. Stockbrokers are divided: the Triumph of the precious metal soon with a new record or a correction is imminent?

"chart technician to see a deeper correction to come, or it goes in the other direction – the Sky is the Limit," says Waldemar Meyer.

The gold expert on the historical development of the currency in a Crisis, and stresses the benefits of Gold. In recent years Central banks have switched from gold sellers to gold buyers. The precious metal is used mainly by countries such as China, Russia, and Turkey, in order to diversify currency reserves. dpa/Sven Hoppe/dpabild gold bars in different sizes, retailers are in a gold in a vault.

Gold as a Asset protection in a vault

He sees Gold clear as the securing of Assets in the Depot. Because the precious metal has an advantage: There is no counterparty risk. That is, it is independent of financial markets and banks. Meyer gives tips on when and how to use the precious metal to buy and where you should store.

read more about the precious metal in our gold-Ticker: "world gold price" high reaches new all-time - expert predicts new record

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*The post "Gold expert: If the price breaks this resistance, then "Sky is the Limit"" is the of Inside economy. Contact with the executives here.

Updated Date: 20 July 2020, 15:27

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