“Investors should look to gold in these tense times of the Russia-Ukraine war,” said EB Tucker, Director of Metalla Royalty, that now is the time to buy gold as gold prices are under attack. Celebrity manager’s gold price forecasts and market comments cryptocoin.com compiled for our readers.
EB Tucker: Gold prices rise above $2,000
The famous executive states that the volume in the gold futures market is extremely high and makes the following prediction:
My guess is that the gold market will be very volatile during this war. When this is done, gold prices rise above $2,000.
EB Tucker, who is also the Director of Carbon Neutral Royalty, shares his views on where to invest during a war. Tucker emphasizes that investors should reevaluate the assets they buy and makes the following assessment:
I have falling tech stocks and a huge mortgage. I have to pay double the price to get the watch. But looking at the gold, the gold shattered a hundred dollars as the tanks went in. With huge volumes in the futures market, gold threw everyone out. This means that gold is ready to rise.
“As this conflict continues, how can they raise rates?”
Here’s how Tucker explains how stocks would perform during a war:
Unfortunately, you have to speculate because interest rates will continue to fall. The Fed will never raise interest rates. I predicted this months ago. How can they raise interest rates as this conflict continues? Interest rates will be negative and inflation is at 9% or 10%. People don’t understand that they lose that 10% every year.
Tucker discusses investing in carbon credits as a way to speculate in these volatile times. “My way of speculating is to buy 30-year carbon credits that will be produced from the world’s best projects,” Tucker says, adding that the price of carbon credits has gone up wildly.
As part of the world’s transition to clean energy, most companies need to achieve net zero carbon emissions by 2050. But if these companies fail to meet this goal, they can buy rights to carbon credits from the public markets. “Companies have to go into the market and find someone to plant trees and grasses,” Tucker says.
They say you save all that carbon, so let me buy you the right to pollute. From here to 2030, a massive push around the world. It creates a whole new market.
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