Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 PREDICTION for GOLD J.P. Morgan - (Precious Metals Prices)

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🚨 PREDICTION for GOLD J.P. Morgan - (Precious Metals Prices) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  $6000 gold is what JP Morgan is telling us that we could see if
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  just one little demand component for gold has the slightest of a
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  tweak. Let's dive in and see why they
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  are saying this. But first, thank you for joining
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  me here in the basement. You are the most important part
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  of Ron's basement. I hope you found a little home
• 0:22
  away from home. Please don't forget, subscribe
• 0:25
  to the channel, give the video a thumbs up and share it with all
• 0:29
  your friends. And now when we're talking about
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  $6000 gold, what do you think that means for silver?
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  And even more interestingly, what do you think that means for
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  gold mining and junior gold mining stocks?
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  We're going to talk about all that in this video, but first,
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  let's go see what JP Morgan is saying about $6000 gold.
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  Fortune magazine shares some fascinating insights from JP
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  Morgan, who says gold could soar 80% to $6000 if there's even a
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  minuscule shift away from US assets.
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  That's according to their analysts.
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  Let's dig into this, 'cause there's a lot to unpack.
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  They estimate that the price of gold could reach 6000 by 2029,
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  up from about $3300. Now.
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  It's just .5%. So 1/2 of 1% of US assets held
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  by foreign investors are are reallocated to precious metals
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  in red. Gold has been on a tear in
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  recent years and picked up even more momentum after President
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  Donald Trump launched his trade war.
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  Guys, we know there's a big move to gold going on in the world
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  right now. We're talking about 1/2 of 1%.
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  Think about that. It's not that much.
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  In a note Wednesday, they laid out a scenario where gold would
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  hit 6000 by 2029 and 80% jump if just .5% were to reallocate.
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  That's because the supply of gold isn't expanding very much,
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  meaning that a relatively minuscule boost in demand can
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  create a big price swing. So we hear 1/2 of 1%, and we
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  think that's not that much. But when you consider most gold
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  is being held in, just the smallest increase in demand can
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  genuinely have a major impact on the price of gold.
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  While hypothetically, the scenario illustrates why we
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  remain structurally bullish on gold and think prices have
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  further to run. Thank you, JP Morgan in green.
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  Let's remember, central banks around the world are continuing
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  to buy up gold out of concern that their own holdings could be
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  at risk someday. Also, high inflation and
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  exploding budget deficits in the United States are adding more
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  fuel to gold's rally. Donald Trump was elected and we
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  have a trade war that sank US assets.
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  And also Trump has been attacking Federal Reserve
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  Chairman Jerome Powell. We know that there's a very
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  unusual meeting going on between the Federal Reserve, Jerome
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  Powell and President Trump as well.
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  The recent period in financial markets has demonstrated that
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  interest and trust in US assets has already been questioned, and
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  the US is vulnerable to capital outflows.
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  The .5% reallocation of total foreign holdings of US assets
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  into gold translates to almost 274 billion overall pouring into
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  the precious metal over four years, or about 2500 metric
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  tons. While that doesn't seem like
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  much that amounts to only 3% of gold holdings, the additional
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  demand impulse on a quarterly basis is quite immense, the note
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  added. The bullish scenario adds to
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  already lofty views for gold. Last month, JP Morgan predicted
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  gold would reach $3675 by the fourth quarter of this year and
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  then top $4000 in the second quarter of 2026, representing a
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  20% bump from today's price. Also last month, the other
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  financial juggernaut, Goldman Sachs raised its year in gold
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  price look outlook as well, 3700 from just 3300, we've already
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  hit that, adding that gold could even close in on 4500 in extreme
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  scenarios. So there we have it, guys.
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  The big banks are telling us, right, be ready for the
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  potential for much, much higher gold prices.
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  But while everybody's chasing the gold price, is the smart
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  money actually buying gold mining stocks because a lot of
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  analysts think they've yet to really run.
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  Now we're going to talk about Nevada gold.
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  They are the sponsor of today's video and they offer a very
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  interesting proposition. Nevgold is finding and growing
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  the next multi million ounce resource base in Nevada and
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  Idaho in the United States. A couple key things before we
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  dig into the details. They have gold and antimony in
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  the United States, a good jurisdiction.
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  They're undervalued relative to their peers.
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  They're currently drilling and engaging in resource expansion,
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  and this antimony resource is a big bonus, which is becoming
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  very, very critical and important.
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  Netgold has the advantage of attractive jurisdiction.
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  Their projects are located in the United States, as you can
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  see on this slide in Idaho and Nevada.
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  In a world with geopolitical uncertainty, jurisdictional risk
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  is becoming more and more important.
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  So the fact that these projects are located domestically within
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  the United States is a big key advantage.
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  And while the company is building out a robust gold
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  resource, one of their projects, the Limousine Butte project, has
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  antimony. What is antimony, you may ask?
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  It's becoming very, very important.
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  It plays a crucial role in the defense industry due to its
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  ability to harden alloys, strengthen materials, and
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  enhance the performance of various military components.
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  And interestingly, China banned the export of antimony to the
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  the United States back on December 3rd of 2024.
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  So there's been a renewed focus on antimony in the United
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  States. And again, this is a bonus on
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  top of the robust gold resources that Nevgold is developing right
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  now. The company recently completed a
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  $6 million financing and they are busy drilling here in 2025.
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  As you can see on this chart, they're drilling is targeted at
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  both lateral and deeper expansion and this could quickly
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  grow their number of resource ounces in the ground.
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  One thing I always pay attention to when looking at Gold Mining
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  stocks is the level of inside ownership, and Nevgold really
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  checks the box on this one with almost 30% of the outstanding
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  shares owned by insiders and close associates.
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  Rob McEwen owned 6% of the stock and Gold Mining Inc owns 28%.
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  Nevgold's market cap compares favorably to their peer
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  companies. As you can see here in blue also
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  compares very favorably to companies that have been
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  acquired as well. Now when we look at the
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  enterprise value, the orange dot enterprise value to Oz multiple,
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  we can also see that Nevgold compares very favorably to the
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  other companies both in their peer group and those that have
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  been acquired. This represents an undervalued
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  company. This is a company with 1.25
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  million ounces of gold equivalent indicated and 326,000
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  oz inferred already defined. They've got a great CEO, Brandon
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  Bonificio. His former experience includes
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  roles at Gold Corp and Newmont. This is all in the United
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  States. A company undervalued relative
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  to their peers currently drilling and expanding their
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  resources. And there's a big antimony
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  bonus. The gold price is up, Antimony
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  just doubled in this company is drilling both.
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  You can learn more about the company at neve-gold.com.
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  Traded in Toronto on the Venture Exchange with the symbol NAU and
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  on the OTC in the United States with the symbol NAUFF.
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  I'm not a financial advisor, don't make any financial
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  decisions based on what I'm saying, but this company has
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  certainly piqued my interest. And with JP Morgan telling us
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  that we could see $6000 gold in just a few years, we know in
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  past bull markets, gold mining stocks have sometimes gone up
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  510 even more times in value during big gold and silver bull
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  runs. It'll be interesting to see what
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  happens in the coming months, quarters and years.
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  You can know one thing for sure, I'll be here in the basement and
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  I'll look forward to seeing you next time.