The CEO of a top wealth management firm says all the key players remain in place to drive gold back up to record levels in short order. George Gero from RBC Wealth Management says there are plenty of moving parts which will converge to push gold higher.
Describing them as the “usual worries” (which we have already seen propel gold throughout one of its strongest years on record), he says that he fully expects to see gold enjoying a “strong year end”. He adds, “U.S.-China tensions, economic recovery, stimulus talks, the pandemic, North Korea, Middle East, Turkey, Venezuela, Argentina are [all] more than enough to keep gold buyers active,” suggesting that we shouldn’t expect the current price volatility and subsequent windows to buy to stay open all that long.
Act now. Buy gold before prices rise.