Gold’s inflation-haven appeal means ‘violent’ run-up may be ahead

Bloomberg/James Atwood/10-22-2021

graphic image of a gold bull against blue background with arrows pointing higher“That’s the view of two of the biggest names in Canadian mining — the former chiefs of Goldcorp Inc., David Garofalo and Rob McEwen — who predict investors will catch on soon that global inflationary pressures are less transitory and more intense than central bankers and consumers price indexes suggest.”

USAGOLD note: Bloomberg goes on to say that it isn’t surprised two gold mining executives would be bullish on gold. What did get journalist Atwood’s attention was the two predicting “such a steep gain in so short a time.” Garofalo says gold will hit $3000 in “months not years.”

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