To The Moon

1. Gallup poll: more Americans think gold is a better long-term bet than stocks for the first time since 2013.

The number of Americans who view gold as the best long-term investment has doubled from a year ago due to higher interest rates and increased uncertainty in the stock market.

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According to the latest survey of 1,013 American adults randomly selected by Gallup, the relevant opinions are as follows:

• The preferred long-term investment asset remains real estate, although the proportion has fallen sharply from a record 45% last year to 34% in 2023. The main reason is that the Federal Reserve's continuous interest rate hikes over the past year have cooled the housing market and curbed consumers' enthusiasm for real estate as an investment.

• Second, the number of people who believe gold is the best long-term investment jumped from 15% in 2022 to 26%, the highest level since 2012. More than a quarter think gold is the best long-term investment.

• Now, investing in gold has surpassed stocks and has become the second preferred investment in the minds of Americans. Americans are gradually losing confidence in stocks/mutual funds as long-term investments, with support falling from 24% last year to 18% this year.

• In addition, the percentage of people who see savings accounts/CDs as their best investment rises from 9% in 2022 to 13% in 2023, and the number who see bonds as their best investment rises from 4% to 7%.

The survey notes that gold tends to be a beneficiary when confidence levels in real estate and stocks fall, which usually happens during recessions or times of uncertainty.

2. Should investors buy gold above $2,000 (which near the historical high)?

Currently, $Gold - main 2306(GCmain)$ futures price at $2020, and its close to the highest level in history of $2089. Is it risky to invest in gold now?

• On the one hand, there seem to have much more positive factors to supporting the price of gold, including concerns about inflation, recession, global de-dollarization and continued central bank purchases, and the Fed's policy shift, among others.

• On the other hand, some investors are worried that the price of gold seems to have lost its motivation to continue to rise since it reached $2,000. If you buy now, will be trapped.

Shree Kargutkar, managing partner of Sprott, said in an interview that when gold price broke through the $2,000, there was a psychological factor that caught the market's attention, which was exactly the same as when the price of gold reached $1,000 an ounce 10 years ago.

Greg Taylor, chief investment officer of Purpose Investments, pointed out that although $2,000 is considered a "magic number" by investors, some other metal prices have already broken records. Gold’s investing demand has improved significantly.

With gold prices approaching all-time highs, many market watchers also believe that the bull market in gold is just getting started.

3. Will the gold price rise to $2,500 or even $3,000 in 2023?

Jeff Clark, metals and mining analyst at TheGoldAdvisor.com, said that a forecast for gold prices is gradually being accepted by more investors: $2,000 may be just the beginning of a new rise, gold prices will rise to $2,500 or even $3,000 this year is possible.

James Henry Anderson, senior market analyst at SD Bullion, told media that he himself takes a 5-10 year time horizon when it comes to investing in gold, $2,000 an ounce now might look like $250 of years ago. Gold will be seen as a true store of value, not a game of chasing higher.

4. On the whole, the professional gold invest advice to investors is:

• When Faced with gold price over $2,000, it is suggested that investors need to adjust the views on the high price.

• The market participants are welcome to position themselves to benefit in gold prices hitting new all-time highs and extending upward momentum.

• It is recommended that investors purchase gold or silver in batches. Also know that gold is not only for investing for return but also be used like insurance to protect your investment portfolio.

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