If you were looking for another reason to buy now, consider this your chance to get ahead of the wave as we’re about to see global debt levels push gold much higher, according to a senior analyst.
Jeff Clark says that the gap between GDP and debt growth keeps growing. With debt set to explode, gold prices will be driven “much higher” than current levels. He adds, “the big catalysts that are out there, that will drive gold higher, haven’t even begun to play out yet.” With this driver not yet at fruition, now is a great time to buy to capitalise on slightly lower prices before the debt-GDP gap begins to drive a price increase. Buy now and you’ll get the best of both worlds.