Gold poised to be best-performing asset in 2023 - Gareth Soloway stocks gold silver
Gold is set to outperform stocks and cryptocurrencies in 2023 as the Federal Reserve eases on its tightening cycle, according to Gareth Soloway, President of Verified Investing Education and InTheMoneyStocks.com. Soloway has over 20 years of experience as a professional trader, and correctly called the Bitcoin bottom for 2022.
However, his prognosis for Bitcoin was not as positive, which he forecast could reach as low as $9,000. Soloway said, “you don’t have money being printed… I would daresay that without the Fed’s printing of money, Bitcoin is headed towards twelve to thirteen thousand [dollars], and maybe as low as $9,000.”
“When I started trading back in the late 1990s and early 2000s, I didn’t have any guidance,” he recalled. “There was no course out there… I can tell you, I lost a lot of money. Thank goodness I didn’t have a lot of money back then.” He added, “If I had the ability to learn this stuff, I would have cut my learning curve by an enormous amount of time, years. I would have, at this point, so much more money than I do right now.
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