In light of the rapid elevations in the market gold Globally, and the accompanying anxiety among investors and citizens in Lebanon, a remarkable reading from one of the leading gold merchants in Lebanon, Bashir Hassoun, who confirmed in an interview with “Libanon Deepite” that the yellow metal path is still upward, but the correction stations are incoming and necessary before a new start towards unprecedented prices.
Hassoun explained that gold may witness a limited correction during the coming period, which opens the way for better investment opportunities. And set the ideal purchase levels at 3790, 3750, 3720 and 3680 dollars per ounce, calling on investors to divide their purchases on these levels to distribute risks and secure long -term investment.
Despite the warning of the interim corrections, Hassoun stressed that the general trend remains bullish, saying:
“The rise of gold is inevitable, and it will not stand at a specific ceiling. Prices may reach 4000, 5000 and 10,000 dollars an ounce, and this is not a fantasy but a possible scenario in light of global economic and financial developments.”
Hassoun’s words were not limited to gold alone, but rather pointed to the importance of silver as a parallel and promising option, explaining that its prices increased by about 100% in one year, which enabled those who invested in it to achieve great gains alongside gold.
Hassoun stressed that gold in all its forms remains a safe haven for savings, whether by buying ounces and pounds or even used pieces, pointing out that saving with gold and silver maintains the value of financial incomes and protects them from corrosion due to crises.
Bashir Hassoun’s vision reflects a double equation: a short phased correction, followed by a large rise without a roof. The most important advice for citizens is: “Whoever spares long -term, will not lose.”
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