Daniel Ameduri: I Personally Think Gold Will go to $2000 this Year
Daniel feels that we are looking at another move higher in gold, but general investors haven’t started buying. A brief pullback into the fourteen hundreds is possible, but we could easily be looking at $2000 gold by the end of the year. We should be in for a good bull market run as it appears that the smart money and institutions are getting involved.
If you look at stocks like First Majestic, they have already moved from $6 to $11, and this rally is just getting started. More speculative juniors could go from 10 cents to a dollar. You have to be a very disciplined stock picker and make sure you are investing with proven management teams.
He talks about his book “Don’t Save For Retirement” and the lessons he learned early on when he made the mistake of purchasing a home during a housing bubble. At the time, he had no idea that he was buying into a bubble and that learning process taught him a lot about how to invest. Failure and disaster can be the greatest gift that can happen to you. In his book, he talks about setting up your life so that your passive income pays for your lifestyle.
He likes to listen to investors who are incredibly successful and focused like Rick Rule, Marin Katusa, Amir Anani, and Keith Neumeyer.
Daniels opinion on uranium is that it’s a waiting game, and while there are supply issues, it’s more of a long-term investment. Currently, he remains focused on
Time Stamp References:
0:35 – Gold will move higher but interest is still low.
2:20 – What is the potential in junior mining?
4:30 – His new book and why he wrote it.
6:45 – Most millionares live within their means.
8:20 – Favorite people in the resource space.
9:45 – Outlook on uranium.
Talking Points From This Week’s Episode
• $2000 gold by the end of the year.
• Mid-Tier mining stocks are doing well.
• Picking good juniors can be difficult.
• He has a new book out about investing.
• Listen to very successful investors.
• Uranium remains a waiting game.
After warning family and friends in 2007 about the coming market and mortgage collapse, he started his own YouTube channel, VisionVictory which has received 10 million video views. On March 18, 2008, Daniel called for Dow 8,000, the collapse of Lehman Brothers, AIG, and Washington Mutual. During the mortgage crisis, he helped people buy Put Options on Countrywide Mortgage, and those options had a gain of 1,400%.
His connection to insiders in the micro-cap space and drive towards over-delivering to his readers is genuinely extraordinary, and what separates himself from other publishers.
He is the co-founder of the Future Money Trends Letter, FMT Advisory, and Crush The Street. Information on his latest book “Don’t save for retirement” can be found here.