Rich Checkan Forecasts: Gold Topping a Minimum of US$3,800 and Silver Hitting a ‘Very Doable’ US$90 in this Cycle!

Rich Checkan, the President and Chief Operating Officer of Asset Strategies International, is known for his knack for accurate predictions in the precious metals market. In one of his most recent forecasts, Checkan projects that gold will hit a minimum of US$3,800 this cycle, while silver could be expected to reach “very doable” levels of US$90. This article will delve into Checkan’s prediction and the factors impacting these price levels. Rich Checkan has been with Asset Strategies International, a full-service tangible asset dealer, for over two decades, and his expertise in the field of precious metals, foreign currencies, and international transactions has been beneficial for both the company and the investors. His bold projection for the precious metals market in this cycle is primarily based on the concept of ‘Peak Gold’- the idea that we have already reached the maximum rate of global gold extraction. According to Checkan, gold could reach at least US$3,800 in value during this current cycle. The reasons he cites for this include the continual decline in gold production, monetary inflation as central banks worldwide are printing excessive cash and uncertain socio-political situations across the globe. As a safe-haven asset, investors flock towards gold during tumultuous times. Checkan also emphasizes the importance of ‘Peak Silver’, an idea parallel to Peak Gold. He notes the underperformance of silver relative to gold in recent years, and stresses that it is now due for a re-rating. With the implementation of green energy technologies, which extensively use silver, the demand for the precious metal might skyrocket, and prices could rise with it. Checkan predicts that silver could reach an easily achievable level of US$90. He also stresses that silver, like gold, will serve as a hedge against inflation, as it is tangible and cannot be debased. While Checkan’s predictions seem optimistic, it should be noted that the precious metals market comes with risks. An unexpected bounce in the economy could lessen the demand for safe-haven assets such as gold and silver. Further, a strong US dollar can drive down the price of these commodities. Yet, it is also essential to remember that Checkan’s assertions are based on well-vetted insights and many years of experience. His understanding of the market, its nuances, and its future progression cannot be discounted. Invariably, though, every investor should consider their financial situation, risk tolerance, and investment goals when venturing into precious metals. In conclusion, Checkan’s forecast for