Russian President Vladimir Putin said that if the sanctions continue, blood pressure in Eastern Europe continues to rise in Eastern Europe. According to Frank Holmes, CEO of US global investors, the gold has performed well during political crises, and the gold price can rise up to 50 %more than current levels.
Frank Holmes: Gold can easily reach $ 2,500 or $ 3,000
Frank Holmes, CEO of US global investors, states that in an interview, it is not an event that gold rises or fall by 20 %in a year and explains:
Two years ago, two standard deviations for the first nine months increased, so it would do it again, then he could go to $ 2,800. This would be up to two standard deviations, and that wouldn’t be extraordinary. There are three standard deviations for twelve months.
“I think the value of gold is low, Famıl says Celek, pointing to the incredible levels for precious metal:
If you use monetary expansion data, I think it probably has a value of over $ 4,000. Then you talk about $ 7,000 or more. I feel comfortable that gold can easily reach $ 2,500 or $ 3,000.
“Gold has a historical importance, Bitcoin is a new phenomenon”
Kriptokoin.comAs we have reported, Bitcoin (BTC) did not react positively to the increasing geopolitical tensions in Ukraine. With Russia’s occupation, it fell to $ 34,000. Frank Holmes makes the following assessment:
When you look under it, his breath and depth, his historical importance as a wonderful being, really emerges when you have a war. Bitcoin is a new phenomenon. Before ten years. The ecosystem in the world is new. Yes, especially by X, Y and Z generations and millenniums, it is widely adopted, but gold has an extraordinary historical importance, whenever there is a great inflation or political turmoil, gold is the preferred class of being.
The famous CEO states that in the past, wars and geopolitical tensions provide tail winds for gold and Bitcoin should first overcome regulatory challenges:
Historically, the precious being was gold, so I would remain loyal to it. I think when more rules and regulations come to my ecosystem, Bitcoin will take the next step.
