What will happen to the price of gold in 2022?
“The problem gold has, as I am forever saying, is that it is the ultimate analogue asset in a world where all the value is digital. With this incredible boom in tech we have seen over the last decade, this has been especially apparent. But I have also been forever saying that it’s time will come, and perhaps that time is 2022. In my predictions piece at the beginning of the year I said that gold would go above $2,000 an ounce. Yesterday’s action brought that magic number ever closer. Gold, along with all the other precious metals, had a good day.”
USAGOLD note: The conflicted Mr. Frisby writes entertainingly about the metal he hates to love…… His quest to find the real reasons why he owns so much of the metal continues.