Pandemic to sustain gold’s blockbuster rally – Reuters poll

Reuters/Sumia Layek

cartoon image of gold piggy bank by Ed Stein“Gold prices will push towards record highs over the next 18 months as the coronavirus crisis encourages investors to hoard the metal as a hedge against possible turmoil in the wider markets, a Reuters poll showed.”

USAGOLD note:  The price predictions are already out of date, but the sentiment registered in this Reuters poll is worth noting.  And to be precise it is not simply the pandemic that offers gold sustenance, but the economic policies launched to combat it – some of which were in place long before the pandemic became a problem inspired by other weaknesses in the financial architecture.


Repost from 7-22-2020
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