{"id":423903,"date":"2020-05-14T17:00:20","date_gmt":"2020-05-14T17:00:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=423903"},"modified":"2020-05-14T16:51:03","modified_gmt":"2020-05-14T16:51:03","slug":"gold-bug-peter-hug-warns-inflation-will-be-slow-will-this-delay-bitcoins-bull-run","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/gold-bug-peter-hug-warns-inflation-will-be-slow-will-this-delay-bitcoins-bull-run\/","title":{"rendered":"Gold Bug Peter Hug Warns Inflation Will Be Slow, Will This Delay Bitcoin&#8217;s Bull Run?"},"content":{"rendered":"<p>The global trading director of a major precious metals firm is warning gold investors to not pay the currently enormous premiums until inflation sets in much later down the line. However, Bitcoin is booming for similar reasons as gold. Does this mean that <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>&#8216;s next bull run may be delayed until inflation truly takes hold?<\/p>\n<h2>Kitco&#8217;s Peter Hug: Inflation Won&#8217;t Arrive in Short-Term, Gold Demand Isn&#8217;t There Yet<\/h2>\n<p>To combat the devastation the pandemic has done to the economy, the Fed has been printing money at an unprecedented rate. Stimulus packages already reach in the trillions, and the Fed has pledged to do whatever is necessary to sustain what little positive momentum is left.<\/p>\n<p>During periods of economic downturn, gold serves as among investor&#8217;s first choice to park capital. The precious metal has earned safe-haven status as a result.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/05\/08\/stimulus-checked-heres-the-roi-on-a-1200-investment-in-top-crypto-assets\/\">Stimulus Checked: Here\u2019s The ROI on a $1,200 Investment in Top Crypto Assets<\/a><\/strong><\/em><\/p>\n<p>Trade tensions between the US and China and fears of recession coming caused gold to pick up steam in early 2019, just as <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> went on another parabolic rally.<\/p>\n<p>Gold is now trading at above $1,700 an ounce and analysts are pointing to prices of $3,000 an ounce due to the coming inflation.<\/p>\n<p>However, Kitco&#8217;s global trading director Peter Hug <a href=\"https:\/\/www.kitco.com\/news\/2020-05-13\/What-the-gold-price-should-be-this-is-not-like-2008-says-Peter-Hug.html\" target=\"_blank\" rel=\"noopener nofollow\">isn&#8217;t convinced that inflation will be here so soon<\/a>.<\/p>\n<p>Hug, who helms the trading division at the precious metals firm, is bullish on gold in the medium to long term when he says inflation will actually rear its ugly head. However, in the short-term, Hug says the demand for gold just isn&#8217;t there yet.<\/p>\n<blockquote><p>&#8220;People are basically deferring their rent payments right now and they\u2019re trying to hoard cash. They\u2019re not going to be chasing goods, except for necessities, so I don\u2019t see the equation of supply and demand creating massive inflation in the short term,&#8221; he explained.<\/p><\/blockquote>\n<p>Gold, however, continues to trade at a premium Hug warns investors is simply &#8220;ridiculous.&#8221;<\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<h2>Delayed Inflation Could Postpone Bitcoin&#8217;s Next Bull Market<\/h2>\n<p>Hug points to the fact that the currency crisis is due to a health care issue, not a broken economy by normal standards. Due to this, inflation will take some time, Hug says.<\/p>\n<p>Hyperinflation and an incredibly scare supply are what was said to make gold climb. The same factors could drive <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> prices to new all-time highs.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/05\/12\/bitcoin-expert-mentally-prepare-10000-may-take-another-100-days-to-break\/\">Bitcoin Expert: Mentally Prepare, $10,000 May Take Another 100 Days To Break\u00a0<\/a><\/strong><\/em><\/p>\n<p>But if inflation isn&#8217;t coming for some time, and there isn&#8217;t yet demand for safe-haven assets, could Bitcoin&#8217;s bull market be further delayed?<\/p>\n<p>Bitcoin&#8217;s halving has now come and went, and the asset failed once again to break $10,000. According to experts, it may even take another 100 days to reclaim the lost level.<\/p>\n<p>The lack of inflation coming sooner than expected could be partly responsible for <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>&#8216;s failure to thrive following the halving.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global trading director of a major precious metals firm is warning gold investors to not pay the currently enormous premiums until inflation sets in much later down the line. However, Bitcoin is booming for similar reasons as gold. Does this mean that Bitcoin&#8216;s next bull run may be delayed until inflation truly takes hold? Kitco&#8217;s Peter Hug: Inflation Won&#8217;t Arrive in Short-Term, Gold Demand Isn&#8217;t There Yet To combat the devastation the pandemic has done to the economy, the Fed has been printing money at an unprecedented rate. Stimulus packages already reach in the trillions, and the Fed has pledged to do whatever is necessary to sustain what little positive momentum is left. During periods of economic downturn, gold serves as among investor&#8217;s first choice to park capital. The precious metal has earned safe-haven status as a result. Related Reading | Stimulus Checked: Here\u2019s The ROI on a $1,200 Investment in Top Crypto Assets Trade tensions between the US and China and fears of recession coming caused gold to pick up steam in early 2019, just as Bitcoin went on another parabolic rally. Gold is now trading at above $1,700 an ounce and analysts are pointing to prices of $3,000 an ounce due to the coming inflation. However, Kitco&#8217;s global trading director Peter Hug isn&#8217;t convinced that inflation will be here so soon. Hug, who helms the trading division at the precious metals firm, is bullish on gold in the medium to long term when he says inflation will actually rear its ugly head. However, in the short-term, Hug says the demand for gold just isn&#8217;t there yet. &#8220;People are basically deferring their rent payments right now and they\u2019re trying to hoard cash. They\u2019re not going to be chasing goods, except for necessities, so I don\u2019t see the equation of supply and demand creating massive inflation in the short term,&#8221; he explained. Gold, however, continues to trade at a premium Hug warns investors is simply &#8220;ridiculous.&#8221; Delayed Inflation Could Postpone Bitcoin&#8217;s Next Bull Market Hug points to the fact that the currency crisis is due to a health care issue, not a broken economy by normal standards. Due to this, inflation will take some time, Hug says. Hyperinflation and an incredibly scare supply are what was said to make gold climb. The same factors could drive Bitcoin prices to new all-time highs. Related Reading | Bitcoin Expert: Mentally Prepare, $10,000 May Take Another 100 Days To Break\u00a0 But if inflation isn&#8217;t coming for some time, and there isn&#8217;t yet demand for safe-haven assets, could Bitcoin&#8217;s bull market be further delayed? Bitcoin&#8217;s halving has now come and went, and the asset failed once again to break $10,000. According to experts, it may even take another 100 days to reclaim the lost level. The lack of inflation coming sooner than expected could be partly responsible for Bitcoin&#8216;s failure to thrive following the halving. &nbsp;<\/p>\n","protected":false},"author":517,"featured_media":423914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1119,1144,78790,6664,2209,74877,76835],"class_list":["post-423903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-gold","tag-xauusd","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Gold Bug Peter Hug Warns Inflation Will Be Slow, Will This Delay Bitcoin&#039;s Bull Run?<\/title>\n<meta name=\"description\" content=\"Kitco&#039;s Peter Hug warns inflation will be slow and to not pay premiums on gold. 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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