As an investor, it’s easy to get caught up in the hype of gold and silver prices. However, it’s important to understand that prices spike and then fall back, rarely returning to their previous levels. The key is to be prepared to take profits and capitalize on these spikes. In this video, CPM Group’s Jeffrey Christian discusses the nature of gold and silver prices and what investors can and should do to capitalize on  spikes in the prices of these precious metals.

Gold and silver prices rise and fall, and investors often buy these precious metals expecting prices to rise sharply. However, they’re not always prepared to take profits when they do. The nature of gold and silver is such that they spike higher at times of economic and political stress, but they fall back sharply after these spikes. While they don’t typically return to their previous levels, they do make a new base at a higher level.

CPM Group expects the price of gold to be relatively flat this year, trading between $1750 and $1980. We are looking for the annual average gold price, which was a record $1804 last year, to reach a new record of about $1860 this year followed by a spike to  much higher at some point between 2024-2026.