Gold to $3,000 by 2022? Sounds crazy, but it isn’t
“While most investment vehicles are liable to struggle in the shadow of COVID-19 (at least in the interim), it may prove to be the perfect storm of events that sends physical gold prices shooting through the roof. Having ended the previous week at $1,628 an ounce, it would not be in the least bit surprising if spot gold approached $3,000 per ounce by sometime in 2022.”
USAGOLD note: After a familiar litany of reasons to own yellow metal, Williams ends with the threat of stagflation – rising prices with stagnant economic growth.
Repost from 4-1-2020