Gold may see a lift next year, but Bitcoin could be eating into the gains

In today's episode, we are talking gold. The precious metal may test the recent support before lifting up sometime into 2021.

Jeremy Naylor is joined by Ross Norman, CEO at Metals Daily. They look at who is buying, why the markets have lifted and what could be the impetus in the next move up, which, Norman says, may be sometime into the first few months of 2021.

The debate as to whether Bitcoin is eating into the potential gains for gold continues. The feeling is that while there is an overlap, it’s not doing much damage to the gold price at present.

Also, on the subject of how much gold one should hold in a balanced portfolio, Norman gives us a golden tip that is dependent on your expectations for a portfolio collapse.

Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.

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