$10,000 gold price would mean the end of the financial system, as we know it.Peter Hug, Global Trading Director of Kitco Metals, talks about likely scenarios for inflation, the economy, gold, and silver for 2021.
Outlook 20212020 was an unprecedented year as investors had to navigate the economic-crippling COVID-19 pandemic and massive fiscal and monetary stimulus measures that have followed as a result. 2020 saw gold prices rise to new all-time highs above $2,000. For many analysts the 2020 rally is just the start of a much bigger move for precious metals. The world now has to deal with the massive liquidity flowing through markets; in this environment investors are expected to turn to assets to protect against global currency debasement. We expect that 2021 will be the year investors Brace for Inflation.
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