Page 23 - Bullion World Volume 04 Issue 07 July 2023

Bullion World | Volume 3 | Issue 7 | July 2023

Mr Yuichi (Bruce) Ikemizu, Japan Bullion Market Association
“Mr Yuichi considers a more long-term view for the price of gold and
considers factors like de-dollarization and geo-political factors key for the
future prices of gold. Many geo-political factors are pushing investors to
invest in gold rather than the USD. With the dollar essentially losing its power
and the public debt of the United States increasing can be stated as key
factors to why gold is bullish for the future”.

The ratio between gold and silver is also considered very important as the
scale of growth in silver is much larger when the price is considered between
the two. As silver is priced at a much lower rate when compared to gold, the
growth aspects in silver are higher in magnitude as silver is also used in the
industrial sector.

Mr Yuichi (Bruce) Ikemizu

Mr Nicholas Frappell, ABC Refinery.
“As there is a substantial amount of risk when the United States comes
into the picture, in recent times there is an increased amount of bullish bias
associated to gold. With chances of the US Dollar losing its strength in the
coming years, we can expect gold to go past its previous high and touch
record highs. For gold prices some key indicators like the moving averages
and the ichimoku cloud are still holding the upward trend for gold in the short
and medium-term basis. Post the Debt ceiling agreement there is assumed
to be a substantial liquidity drain which will have an impact on gold which
can help the dip in prices which is occurring as we speak. Gold in these
conditions has a downside till about $1800’s in the short and medium-term
but the long-term outlook for gold is bullish considering the instability and
geo-political tensions”.

Mr Nicholas Frappell

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