DailyFX analyst Warren Venketas says gold is done being the second fiddle to other commodities and will soon make its way back to $2,000 per ounce. He told Kitco News that it could reach those 2020 record highs next year. He expects the yellow metal to climb to $1,916 per ounce by December. In other news, some experts say the 4% rule won’t work as well in the coming decades due to lower projected stock and bond returns.

 

Kitco News/Anna Golubova
Gold price is heading back to $2,000 after playing ‘second fiddle’ to other assets – DailyFX

After playing “second fiddle” to other assets for most of the year, gold is on its way back towards the 2020 record highs of above $2,000 an ounce, said DailyFX analyst Warren Venketas.

There is a good upside to the price of gold as markets gear up for the Federal Reserve December monetary meeting, with the U.S. inflation and employment data at the forefront of everyone’s minds.

“Inflation is a big one for me. If we see inflation expectations outperforming the move in yields. That’s what I’m looking for at that year-end rally. And it is in the cards. I am very bullish at this point,” Venketas told Kitco News.

Continue reading, here.

 

MoneyWise via Yahoo Finance/Sigrid Forberg
Suze Orman says this is the only asset class that has a track record of beating inflation — don’t give up on it just yet

As inflation jumped 6.2% in October — the biggest spike in more than 30 years — Americans are preparing for their purchasing power to take another hit.

But whether inflation is coming out of hibernation or we’re heading towards a bear market, Suze Orman, personal finance expert, says you should still lean on stocks for the long haul.

“Over the long-term stocks have produced the best gains after factoring in inflation,” wrote Orman in a blog post this past summer. “Bonds and cash struggle to keep pace with inflation; only stocks have a track record of earning more than inflation.”

You can read the full story, here.

 

CNBC/Greg Iacurci
Experts say the 4% rule, a popular retirement income strategy, is outdated

Market conditions are pressuring the 4% rule, a popular rule of thumb for retirees to determine how much money they can live on each year without fear of running out later.

Withdrawing money from one’s nest egg is among the most complex financial exercises for households. There are many unknowns — the length of retirement, one’s spending needs (health costs, for example), and investment returns, to name a few.

The 4% rule is meant to yield a consistent stream of annual income, and give seniors a high degree of comfort that their funds will last over a 30-year retirement.

You can read the full story, here.

 

 

 

 

 

 

 

 

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