Karatbars CEO Comments On Recent Price Surge Of Gold

The CEO and founder of Karatbars International GmbH, Harald Seiz, is a seasoned and well-learned gold investor. He is known to be a very pragmatic gold investor. His love for gold is what led him to found Karatbars, a company that aims to disrupt the current financial system and to restore gold’s original value as a form of payment and as an advantageous investment.

Recently, gold saw a massive surge in its price, reaching a seven-year-high. And even before hitting that target, the price of gold in recent times has been nothing short of impressive and has got a whole lot of people talking.

Many people are already wondering if gold will continue this amazing run, and some wonder just how high it can go.

Harald Seiz, on the other hand, claims that he is not surprised at all that gold has done so well recently. He says that such behavior is to be expected from the yellow precious metal, as there is currently a lot going on around the world that works in favor of the prized commodity.

He further claims that he expects this trend to continue for the foreseeable future for various reasons.

Karatbars CEO, Harald Seiz, on the recent appreciation gold has experienced

The man behind Karatbars recently commented on the current increase in gold prices. Seiz gave a detailed analysis as to why this is happening, while also stressing that this increase in the price of gold should be expected and not deemed strange, given the current situation the world is in.

Firstly, he commented on the concerns surrounding the U.S.-China trade war, saying that the tensions between both countries have been the primary driver of the gold price recently, and the price is expected to be affected if the tensions come to an end.

Seiz cited that the price of gold remained flat when the president of the United States, Donald Trump, announced the phase one deal with China, but it is looking very likely that both markets are coming to the realization that a trade deal will not be signed.

He then went ahead to cite the forthcoming presidential election in the United States as another reason why gold is enjoying its current rise, saying that it is a well-known fact that gold is valued against the U.S. dollar.

According to him, the forthcoming election is having a negative effect on the economy of the country, as there are already so many uncertainties, and investors are already converting their fiat currency to gold to preserve its value. This is having a positive impact on the price of gold.

Harald Seiz further added that the current economy of the United States is very weak, as consumer spending, which accounts for about 70 percent of the country’s economy, is debt-driven.

He further stated that the economy of the country is standing on quicksand, with the manufacturing sector already weakening. The orders for durable goods already sank by 2 percent in November.

He concluded that the economy is likely to go into recession, and gold is thriving off of it already.

Harald Seiz says that it is hard not to acknowledge that the current increase in the price of gold is connected to the outbreak of the Coronavirus (COVID-19). He said that this virus is already causing a lot of mayhem around the world.

It has already spread past China and into many other countries across the various continents. There has been a massive increase in the number of registered cases, and economic unrest is huge as this always feeds the price of gold.

Seiz also claims that the recent increase in bond yield and interest rates are definitely one of the reasons why gold is increasing in price. He claimed that after a period where the world saw a crazy monetary policy being implemented by the central banks, inflation is now on the rise.

It is well known that inflation affects the purchasing power of fiat currencies, and gold is very much sought after in such times because citizens and investors want to protect the value of their money. Gold is, after all, a hedge against inflation.

Harald Seiz says that these are some of the reasons for the recent surge in the price of gold. He went on to say that, if some of these problems will not be solved in the near future, gold will continue to enjoy its rise in value.

*** SPECIAL ALERT — July 25, 2020 — TWO of this Year’s Motley Fool Stock Picks Have Already Tripled and Two have Doubled! ****

We have been tracking ALL of the Motley Fool stock picks since January 2016. That’s 4+ years, 54 months and 108 stock picks. As of Friday, July 24th 2 of their 12 2020 stocks picks have already tripled (TSLA, SHOP). In addition, 4 of their 2019, 8 of their 2018, 7 of their 2016 and 10 of their 2016 picks have also doubled. Best of all, over these 54 months, the average stock pick is up 111%. That beats the SP500 by an average of 87%. And that’s even accounting for all of this COVID mess that has wreaked havoc on some stocks but presented opportunity for other stocks. THAT is how the Fool does so well!

  • Shopify (SHOP) – April 2, 2020 pick and it is already up 163%
  • Zoom Video (ZM) – March 19, 2020 pick and it is already up 107%
  • DexCom (DXCM) picked Feb 20, 2020 right before the market crashed and it is still up 26%
  • Tesla (TSLA) picked January 2, 2020 before the crash and it is up 123% compared to the SP500 -7% so it is ahead of the market by 130%
  • HubSpot (HUBS) picked December 5, 2019 and it is up 46%
  • Netflix (NFLX) picked November 21, 2019 and it is up 42%
  • Trade Desk (TTD) picked November 11, 2019 and up 111%
  • Zoom Video originally picked Oct 3 and it is up 234%
  • SolarEdge (SEDG) picked September 19, 2019 and it is up 44%

Now, no one can guarantee that their next picks will be as strong, but our 4.5 years of experience has been super-profitable. They also claim that since inception, their average pick is up 424% and now we believe them. You sure don’t want to risk missing out. Many analysts are saying that we have passed the bottom of this COVID crisis and stocks will recover quickly. So make sure you have the best stocks in your portfolio.

Normally the Fool service is priced at $199 per year but they are currently offering it for just $99/year if you click this link

CLICK HERE to get The Motley Fool’s Stock Picks for just $99 per Year! 




GET UP TO $1,000 IN FREE STOCK

WHEN YOU OPEN A ROBINHOOD BROKERAGE ACCOUNT

Robinhood was the first brokerage site to NOT charge commissions when they opened in 2013. They just past 10,000,000 accounts and to celebrate they are offering up to $1,000 in free stock when you open a new account.

Here’s the details: You must click on a special promo link to open your new Robinhood account. Then when you fund your account with at least $10, you will receive one stock valued between $5 and $500. Then, you will get a link to share with your friends. Every time one of your friends opens an account, you will receive another free stock valued between $5 and $500. Click here to learn more about this Special Robinhood offer.

Claim your free stock NOW

(before it’s too late)

Leave a Reply

Your email address will not be published. Required fields are marked *