We spoke with Dana S. Samuelson of the American Gold Exchange (Austin, Texas). The American Gold Exchange is a physical dealer of precious metals. The gold price was risen the past months and might keep on rising according Samuelson. Gold had a huge outperformance in many currencies but not in American dollar (as the USD was quite well performing itself the past months). The lower and even negative interest rates could be a trigger for new highs in the gold price.

The fact gold doesn’t provide any cash flows is not really an issue as gold is a good hedge for bad times. Palladium was going sky high and is many times scarcer than gold. Silver is still undervalued according to Samuelson.