The investment firm Goehring & Rozencwajg Associates says that current market conditions should be considered an “aggressive buying opportunity”. The firm’s managing partner, Leigh Goehring says that gold prices are expected to resume what looks to be an unstoppable bull run and projects a £7,765 ($10,000) high thanks to inflation later this decade.
Goehring said, “The first leg of the gold market has been driven by COVID-19 global ‘lock-downs’ and their resulting economic dislocations such as massive expansions of global central bank balance sheets. The weakness in the gold price that we expect this fall should be used as an aggressive buying opportunity … We are firm believers that the second leg of the gold bull market will be driven by inflation that will emerge as the world undergoes an economic boom caused by rapidly receding COVID-19 fears, and excess fiscal and monetary liquidity caused by governments and global central banks.”
Act quickly, buy now.