Doomsday hedge fund sees gold topping $3000 per ounce

Bloomberg/Eddie van der Walt

graphic image of money pallettes stacked“Diego Parrilla, who heads the $450 million Quadriga Igneo fund, says unprecedented monetary stimulus is fueling asset bubbles and corporate debt addiction — rendering interest-rate hikes impossible without an economic crash. In the ensuing market mania, the manager whose portfolio is loaded up with cross-asset hedges says gold could rise to $3,000 to $5,000 an ounce in the next three to five years, up from the current price of $1,800.”

USAGOLD note:  Forecast and rationale contained within one short, impactful paragraph …… Parilla is in search of “anti-bubbles” that take advantage of “key bubbles”.  Fiat money is in a “key bubble” with gold being its “anti-bubble” – hence the big number forecast for the latter.

Repost from 7-15-2020

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