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Commentaries & Views

Gold to Continue Rising to Record Levels as too Much Money Chases too few Liquid Hard Assets

It is not enough to say that the U.S. dollar price of gold is rising because the U.S. dollar is falling. The price of gold is rising in all currencies. Individual currencies are rising and falling relative to each other like deckchairs on a ship but the Titanic is sinking leaving gold as a very visible and liquid safe haven against the explosion of monetary and fiscal stimulus that has taken place around the world in response to COVID. Swapping one currency for another is on a hiding to nowhere.

With gold rising in all currencies existing miners and royalty companies fortunes should be affected immediately and more of the action seen already in the stock markets should continue as the gold price rises. Junior miners with projects in construction should also do well as their projects come on stream.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.