Move over cryptocurrency, gold could have the last laugh this year

South China Morning Post/Anthony Rowley/1-15-2022

“The gold price appears likely to breach US$2,000 an ounce in 2023 and may go much higher. It could reach US$4,000, given all the factors at play, Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, an independent asset manager based in Singapore, has suggested.”

USAGOLD note: While the mainstream financial media continues to characterize gold as a short-term speculative play, the essential market for the metal is among those who see it as a long-term safe haven against the obvious turbulence in the economy, and hence financial markets. That group runs the gamut of participants from private individuals to big funds and institutions to central banks – all owning the metal for essentially the same reasons, and it has little to do with its speculative potential. Rowley suggests that the purchases that have  been made thus far “may only be the tip of the iceberg.” An important read at the link……