Gold Price Forecasts Skyrocket Following Moves by China and the Fed

With the Federal Reserve beginning what most expect to be a sustained easing cycle, momentum continues to rise for gold and silver. Values have been steadily rising and the newest forecasts point to even more gains down the road.

At the end of September, BMO Capital Markets published updated commodity price forecasts with gold upgraded to $2,700 per ounce. Traditionally bearish on precious metals, BMO has been forced to acknowledge the resiliency of gold and silver recently. Their previous fourth quarter forecast had gold at $2,350, but that was before the Fed’s first rate cut in four years.

Moving the needle for the long-term in the eyes of many economists is China’s position, prompting forecasts of $3,000 ounces or higher. Their push for de-dollarization coupled with their own market woes have promoted gold in the eyes of many investors.

“Gold is being brought back into the monetary system as the trend towards de-dollarization of trade accelerates,” a recent BMO report noted. “In our view, wider markets still underappreciate China’s trade pivot to emerging markets. Moreover, closely linked to this is the rapid de-dollarization of trade.”

As gold and silver rise, Americans are increasingly moving their wealth or retirement into physical precious metals. But with the increased interest comes questions of long-term viability. If everyone is trading in the same gold and silver products, will average Americans be left out?

Genesis Gold Group addresses these concerns in their free, exclusive 2025 Wealth Protection Kit.

“Do You Want Your Prepper Bar Shipped to Your Home or Added to Your IRA?”

The massive shift of money being exchanged for physical precious metals started in 2022 with Central Banks across the globe breaking records. The frenzy caught on with large investment firms and financial institutions like BlackRock and JPMorgan in 2023.

2024 has been the year of regular citizens making the same move. This year also marked the launch of the first gold and silver “utility bars” being minted in the United States. The Prepper Bar has been making waves since its summer launch and is now eligible to be including in a Genesis Gold IRA.

The question for Americans is whether to buy Prepper Bars with cash to put them in their safes and wallets or to include them in their retirement accounts to secure their future.

“We’ve seen a dramatic spike in interest this month, likely because the election is around the corner,” said Jonathan Rose, CEO of Genesis Gold Group, the exclusive distributor of Prepper Bars. “Some are just buying them with cash while others include them in tax-free rollovers or transfers of their retirement accounts.

“More and more, we’re seeing people do both. They’re having some shipped to their homes while putting some in their Genesis Gold IRA depositories.”

Because Prepper Bars are divisible into 19 sections and have unique utility, they can hold value better than coins, standard bars, or jewelry. They are the size and shape of a credit card, making them easily transportable in a wallet. In times of crisis, their usefulness is self-evident as they can be easily liquidated or used for barter.

But what about the Prepper Bars stored in a Genesis Gold IRA? Can they be just as useful?

“Our special relationship with the depositories allows our clients to rapidly accept physical distributions in a matter of days, not weeks or even months like other firms,” Rose said. “Our IRA clients have benefited greatly because we’re not only the exclusive distributor of Prepper Bars, we’re also the fastest at getting gold and silver into their hands when they need it most.”

As a faith-driven gold company, Genesis focuses on integrity, service, and stewardship. It makes sense that they would be selected as the sole distributor of a commodity as useful as the Prepper Bar.

Would you like your Prepper Bars shipped to your home, safeguarding your retirement, or both? Reach out to Genesis Gold Group to learn more.