Alain Eldann Interviews/Interview of John Paulson/2-12-2023

“If you possess physical gold you don’t face that risk. You also have the potential for appreciation. We’re at the beginning of trends that are going to increase the demand for gold, and inflation and geopolitical tensions will determine the rate at which gold increases. This year gold will appreciate versus the dollar, and also over a three, five and ten-year basis.”

USAGOLD note: Paulson offered this answer in response to why nation states are switching from holding dollars in their reserves to physcial gold. Of course, the appreciation Paulson states is not confined to nation-states, but applies to anyone who owns gold. He believes that we are at the beginning of a long term gold uptrend. He advises, “you’d be better off keeping your investment reserves in gold at this point.”