Putting aside short term movements, that will probably go up-down between 1800-1650 for a while, with so much liquidity being pumped in the market, (if compared to 2008 prices and where it reached 10 years later (nearly 100% upside) more more central banks will not be able to stop low rates and liquidity injections not for the next few years at the least. I am a big believer that more trouble is inevitable for the world economy, health( second outbreaks) political (elections in US, trade war US-China), Economical (unemployment, low confidence) , and much more.
With that said I dont believe Gold will go up as an inflationary defense, but rather as a safe haven investment, and even a deflationary security, (better to hold gold than lose money on some bonds/keeping money in the bank with negative interest rates).
I could very much believe gold hitting new highs and reaching by 2025, 2500$-3000$ + .
With that said I dont believe Gold will go up as an inflationary defense, but rather as a safe haven investment, and even a deflationary security, (better to hold gold than lose money on some bonds/keeping money in the bank with negative interest rates).
I could very much believe gold hitting new highs and reaching by 2025, 2500$-3000$ + .