Gold will be hunted when there is war, recession, depression, economic difficulties, political instability and so on
Jakarta (ANTARA) – University of Indonesia economic observer Budi Frensidy said Donald Trump’s victory in the United States presidential election has the potential to reduce gold prices.
The reason is, according to him, that Trump is likely to be able to suppress geopolitical tensions and war in several regions, which have so far been one of the things that has pushed gold prices up significantly.
“When the war is over, say Trump is elected president, the price of gold will fall, because now can Actually (the price of gold) is already high. “Gold will be hunted when there is war, recession, depression, economic difficulties, political instability and so on,” he said when contacted in Jakarta, Friday.
Budi also highlighted the impact of the trade war on gold prices. According to him, although a trade war could push gold prices up in the short term, in the long term, a prolonged escalation of the trade conflict could cause a decline in gold prices.
Therefore, he advised people who want to invest in gold to be patient and wait for the right moment, because gold is predicted to experience another deep decline.
“So it’s safe, if you already have (gold), go ahead, wait for the right (selling) time because gold is estimated to increase to IDR 2 million per gram,” he said.
“If you don’t have it yet, just buy it later when it goes down because in my opinion it is more likely to go down than it is likely to go up. “Even if it goes up, it won’t be too big,” he said.
The price of gold, which previously fell by IDR 30,000 per gram in trading on Thursday (7/11/2024), rose again by IDR 14,000 to IDR 1,527,000 per gram on Friday.
Meanwhile, money market observer Ibrahim Assuaibi said that now is not the time to buy precious metals, because there is a possibility that gold prices will continue to fall until they reach the level of 2,600 US dollars per troy ounce.
Also read: The Fed’s reduction in interest rates makes gold prices rise again
Also read: Analysis of the upward trend in gold prices, ready to strengthen fiercely
Also read: Observers say gold investments are waiting for a reduction of IDR 200 thousand
The Curious Case of Gold Prices: War, Peace, and Presidential Elections
Gold will be hunted when there is war, recession, depression, economic difficulties, political instability and so on
Ah, gold! The shiny metal that has managed to stay relevant through centuries, wars, and enough global crises to stock a Netflix documentary series. So it comes as no surprise when economic observer Budi Frensidy from the University of Indonesia strolls in with a hot take about the potential of Donald Trump’s presidential victory and its paradoxical effect on gold prices. I mean, if there’s anyone who understands gold, it’s a guy whose name sounds like a character in a James Bond film, right?
According to Budi, under Trump’s administration, the likelihood of geopolitical tensions easing could lead to a fall in gold prices. Yes, you heard that right. Apparently, once the cannons stop booming, the gold enthusiasts put their shovels down. Budi quips that, “Gold will be hunted when there is war, recession, depression, economic difficulties, political instability and so on,” which sounds pretty much like the perfect bingo card for a doomsday prepper.
But here’s where it gets hilariously complicated—much like trying to explain ‘Inception’ to your grandma. Budi suggests that while a trade war might initially pump up gold prices like your kid on sugar, the long-term implications could see prices tumble. Imagine that! Gold’s mood swings are like those of an ex who keeps fluctuating between “I love you” and “You make me sick.”
Budi also advises folks to be patient about their gold investments. “If you’ve got gold already, just chill and wait for the opportune moment to sell.” Apparently, timing is everything. And if you’re one of those waiting to buy? Reckon you’ll want to hold off for a bit. His shrewd observation? “It’s more likely to go down than up.” Talk about suspense—like waiting for the last episode of a season full of cliffhangers!
In the midst of all this, let’s not forget the recent price fluctuation. Just the other day, gold had a bit of a meltdown, falling by IDR 30,000 per gram, only to don its superhero cape and rise by IDR 14,000 the very next day. If that’s not the typical rollercoaster ride of investing, I don’t know what is!
Now, let’s sprinkle in some wisdom from money market observer Ibrahim Assuaibi, who emphatically states that now may not be the best time to dance with gold. Why? Because he suspects it’s likely to dip to the tantalizing low of 2,600 US dollars per troy ounce. Feels a bit like waiting for the Black Friday sales, doesn’t it? Except instead of electronics, people are figuratively camping out for glittery gold bars.
In conclusion, the golden rule of investing seems to be patience—wait for the right moment and watch those fluctuations. Until then, grab your popcorn because trends in gold are about to unfold like a gripping drama—complete with suspense, unexpected twists, and, who knows, maybe a cameo from the economy?
So folks, remember: in the world of gold, whether it’s war or peace, the thrill is in the chase! Happy investing!
Gold will be hunted when there is war, recession, depression, economic difficulties, political instability and so on.
Jakarta (ANTARA) – Budi Frensidy, a prominent economic observer from the University of Indonesia, emphasized that the recent victory of Donald Trump in the U.S. presidential election could lead to a significant decrease in gold prices.
He elaborated on his reasoning, stating that Trump’s potential ability to ease geopolitical tensions and mitigate conflicts in various regions could result in decreased demand for gold—a traditional safe-haven asset during uncertain times—thus driving prices lower.
“Post-conflict scenarios typically witness a drop in gold prices, especially if Trump assumes the presidency,” he remarked during a conversation in Jakarta on Friday. “Gold is primarily sought after during periods of war, recession, depression, and broad economic instability.”
Budi also pointed out that the ongoing trade war has a dual effect on gold prices. He noted that while such conflicts could temporarily elevate gold prices, a sustained trade disagreement may ultimately create downward pressure on gold values over time.
He advised investors to exercise patience and bide their time, indicating that gold is anticipated to experience another significant decline before stabilizing. “For those who currently own gold, it may be wise to hold onto it until the market conditions favor selling as analysts estimate gold could peak at IDR 2 million per gram,” he said.
Conversely, he suggested that prospective buyers should wait for prices to fall further, asserting that it’s more likely for prices to dip rather than make substantial gains in the near term. “Even if there is an uptick, it won’t be overly significant,” he added.
As for recent market fluctuations, the price of gold experienced a drop of IDR 30,000 per gram in trading on Thursday (7/11/2024) but rebounded quickly, rising by IDR 14,000 to reach IDR 1,527,000 per gram on Friday.
In light of this, money market analyst Ibrahim Assuaibi advised against immediate investments in precious metals, predicting that gold prices might continue their downward trajectory until they approach the threshold of 2,600 US dollars per troy ounce.
Also read: The Fed’s reduction in interest rates makes gold prices rise again
Also read: Analysis of the upward trend in gold prices, ready to strengthen fiercely
Also read: Observers say gold investments are waiting for a reduction of IDR 200 thousand
Gold and silver predictions 2024
**Interview with Economic Observer Budi Frensidy: Analyzing the Impact of Trump’s Victory on Gold Prices**
**Interviewer:** Good day, Budi! Thank you for joining us. You recently expressed your views on how Donald Trump’s victory might influence gold prices. Can you elaborate on why you believe gold prices will decline?
**Budi Frensidy:** Thank you for having me! Yes, I believe Trump’s victory could lead to a reduction in gold prices primarily because he might be able to ease geopolitical tensions around the world. Traditionally, gold is viewed as a safe-haven asset—people flock to it during times of war, recession, or political instability. If we see a reduction in those tensions, there will be less demand for gold, which will drive its price down.
**Interviewer:** That’s an interesting perspective. You mentioned that gold will be “hunted” during times of crisis. Can you define what types of crises would typically cause a spike in gold prices?
**Budi Frensidy:** Certainly! Gold often surges in value during wars, economic depressions, and periods of significant political instability. When people lose faith in currency or fear economic downturns, they turn to gold as a form of security. Essentially, any scenario that breeds uncertainty can lead to increased demand for gold.
**Interviewer:** Given the current economic climate and recent fluctuations in gold prices, what advice do you have for investors?
**Budi Frensidy:** My advice would be to be patient. For those who already own gold, it’s wise to wait for the right moment to sell—ideally when prices rebound. For prospective buyers, I would recommend holding off for now. I believe that it’s more likely for prices to decrease than to rise significantly in the near term. If you wait, you might find better buying opportunities.
**Interviewer:** Interesting! Recently, there was a notable price fluctuation, with gold dropping significantly one day and bouncing back the next. What do you make of this volatility?
**Budi Frensidy:** This volatility is typical in the market, especially after major political events. It reflects the dynamic nature of investor sentiment and external factors affecting the economy. Emotions play a significant role, and investors are often reacting to news or forecasts, which can lead to these sudden upward or downward shifts in gold prices.
**Interviewer:** other market observers have predicted that gold may reach as low as $2,600 per troy ounce. Do you concur with this assessment?
**Budi Frensidy:** I believe that price prediction is very context-dependent. While I can see gold potentially dipping lower, it’s about balancing numerous global factors at play, including economic indicators and geopolitical developments. Therefore, it’s crucial for investors to keep a sharp eye on market trends and economic news.
**Interviewer:** Thank you, Budi, for sharing your insights with us. It sounds like the gold market will continue to be a fascinating space to watch in the coming months!
**Budi Frensidy:** My pleasure! It certainly will be, and I encourage everyone to stay informed and cautious in their investments.
