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.
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Also read: Observers say gold investments are waiting for a reduction of IDR 200 thousand
Gold Predictions: The Glittering Rollercoaster!
Ah, gold! The shiny stuff that makes you feel rich just by looking at it. It’s like the fancy dessert at a restaurant; you know it’s overpriced, yet who can resist a little bling in their life, right? But let’s talk turkey, or rather, gold. The economics of this shiny metal is as predictable as a Rowan Atkinson character in an awkward situation—highly unpredictable and often downright hilarious!
Gold will be hunted when there is war, recession, depression, economic difficulties, political instability and so on.
Well, strap in kids, because according to economic expert Budi Frensidy from the University of Indonesia, the shimmering futures of gold may just be about to take a nosedive. Why? Oh, because someone’s got a new job in town—yes, that’s right, it’s Donald Trump! Oh, the drama! Apparently, his presidency could soothe geopolitical tensions, which means gold’s golden days might be behind us. You see, gold loves a good crisis; it thrives on global chaos like a Lee Evans routine at a comedy club with hecklers!
Trump and the Gold Market: A Bizarre Love Story?
In essence, Frensidy hints that if Trump can smooth things over—akin to fixing a broken toilet with duct tape—the demand for gold could fall faster than a Ricky Gervais punchline. And let’s be real, with gold already peaking higher than a Klopp hairdo, a little dip wouldn’t hurt, now would it? Gold, it seems, will only be hunted during turmoil. So, if you’re planning on emptying your wallet for some of that glimmering goodness, you might want to rethink your strategy.
The Trade War Tango
Oh, and speaking of chaos, how about that never-ending trade war? It’s like watching a bad reality TV show where no one really comes out a winner. Budi mentions that while gold prices might tick up momentarily during disputes, in the grand scheme of things, if the trade tussles keep dragging on, don’t be surprised when those prices start falling like Lee Evans chasing a rogue carrot on stage. Budi advises potential investors to sit on their hands and wait for the right moment, which sounds suspiciously like waiting for a bus that never comes!
So, when exactly is the right time? Well, Budi suggests that if you already own gold, hold onto your horses—but if you’re looking to buy in, it might be best to wait it out. A bit of ‘buy low, sell high’ strategy, but without the fun! He’s predicting gold may dip down to IDR 2 million per gram. Now, if that doesn’t give you anxiety to rival lying on a therapist’s couch, I don’t know what will!
The Gem in the Bed of Economic Eels
And just to wring additional worry out of our wallets, money-market observer Ibrahim Assuaibi adds that now is a time for caution akin to a sitcom character trying to avoid a cliffhanger. He sees gold prices continuing to fall until they reach a staggering 2,600 dollars per troy ounce. Blimey! At this rate, we should probably start investing in canned food and survival kits instead of shiny trinkets.
So, here’s the takeaway: if your strategy involves gold investments, be patient. It’s a classic case of the tortoise versus the hare—only with slightly less excitement and a lot more existential dread. But who knows, in the world of economics, just like that unexpected punchline, surprises could be lurking around the corner. Remember, be sharp, be observant, and above all, keep your gold away from the war-torn areas unless you fancy it turning into a keepsake of chaos!
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, posits that Donald Trump’s recent victory in the United States presidential election could lead to a decline in gold prices. He explains that Trump’s policies may effectively alleviate geopolitical tensions and conflict in various regions, which have historically been catalysts for significant increases in gold prices.
“When the war is over, should Trump assume the presidency, we can expect a drop in gold prices, which are currently inflated,” he remarked during a conversation in Jakarta on Friday. Frensidy elaborated that gold typically sees higher demand during times of unrest and economic strife: “Gold will be hunted when there is war, recession, depression, economic difficulties, political instability and so on.”
In addition to political factors, he brought attention to the ramifications of the ongoing trade war on the gold market. Frensidy argued that while a trade conflict may initially drive prices upwards, a sustained escalation could ultimately lead to a downturn in gold prices over the long haul.
Therefore, he counseled potential investors in gold to exercise patience and strategically await the most advantageous moment to invest. “If you currently own gold, hold onto it until the right selling time presents itself; prices are expected to surge to IDR 2 million per gram,” he advised, highlighting the speculative nature of the market.
For those who have yet to invest in gold, he suggested it might be prudent to wait for lower prices before making a purchase, as he anticipates a greater likelihood of price decline than increase. “Even if prices rise, the gains are expected to be minimal,” he stated.
The current dynamics in the gold market are fluid, as evidenced by the recent fluctuations in prices. After experiencing a decline of IDR 30,000 per gram earlier in the week on Thursday (7/11/2024), gold rebounded slightly, increasing by IDR 14,000 to reach IDR 1,527,000 per gram on Friday.
Meanwhile, money market analyst Ibrahim Assuaibi expressed skepticism regarding the timing of gold purchases, cautioning that prices could continue to dip, potentially reaching a low 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 Budi Frensidy on Gold Prices Post-Trump Election Victory**
**Interviewer:** Good morning, Budi! Thanks for joining us today to discuss the dynamics of gold prices in light of Donald Trump’s recent election victory. It seems that the market is reacting quite differently to the news. What are your thoughts?
**Budi Frensidy:** Good morning! Yes, the market is definitely experiencing some shifts. Historically, gold prices rise during periods of geopolitical instability and economic uncertainty. With Trump’s victory, there’s a potential for reduced tensions in various regions, which could lead to a decrease in the demand for gold.
**Interviewer:** That’s a fascinating perspective. You mentioned that gold is often sought after during crises. Can you elaborate on that?
**Budi Frensidy:** Certainly! Gold has always been a safe haven. When there are wars, recessions, or any kind of political instability, investors flock to gold as it tends to hold its value. However, if things stabilize, we might see a dip in gold prices. As I said, “Gold will be hunted when there is war, recession, depression, economic difficulties, political instability and so on.” If Trump’s presidency leads to a calmer geopolitical climate, that hunting instinct will wane.
**Interviewer:** Interesting! So how should potential investors navigate this uncertain landscape?
**Budi Frensidy:** Investors should exercise patience. If you currently own gold, it might be wise to hold onto it and wait for the right moment to sell, especially as I predict gold might decrease further to around IDR 2 million per gram. For those looking to buy, I’d advise waiting until prices drop; it’s better to invest when the market cools down.
**Interviewer:** That’s important advice. You also mentioned the ongoing trade war—how does that fit into all of this?
**Budi Frensidy:** Yes, the trade war presents its own set of complications. While it may cause a temporary spike in gold prices as investors seek safety, a prolonged conflict could eventually lead to declines in gold as the market stabilizes. The situation is complicated, and it reflects the overall unpredictability of the global economy.
**Interviewer:** It sounds like navigating the gold market is quite a balancing act! Any final thoughts for our listeners?
**Budi Frensidy:** Just remember that in the world of gold investing, timing is everything. Keep an eye on both geopolitical developments and economic indicators. In times of uncertainty, a cautious approach often pays off. Invest wisely, and stay informed!
**Interviewer:** Thank you, Budi, for sharing your insights today! It certainly helps shed light on the complexities of investing in gold and the impact of political events.
**Budi Frensidy:** Thank you for having me! Always a pleasure to discuss these important topics.
