Morgan Steckler

Speaker explicitly stated that during a significant dip in gold prices (e.g., touching below $4,300/oz), "It's a buying opportunity, you know, into moving into an asset that really counters everything else that's happening." Gold serves as a preservation strategy amid rising US debt (nearly $40 trillion), dollar devaluation, hyperinflation risks, geopolitical uncertainty, and supply constraints, while institutional targets like JP Morgan’s $6,300 outlook support long-term upside. LONG because gold is viewed as a defensive asset with long-term value storage, increased physical demand, and potential price appreciation during market chaos. Continued mechanical selling from funds, a sustained stronger US dollar, or a resolution of geopolitical tensions could reduce gold’s appeal and price support.