We are sitting on the cusp of notably higher gold prices, fuelled by the Federal Reserve’s inability to put the brakes on inflation, according to gold industry insider, Wade Guenther. The Phoenix Wilshire managing partner says that they expect gold to shift into high gear as investors weigh up the twin threats of inflation and stagflation and move towards a safe haven edge.
Guenther said that it is only a matter of time before gold moves to record highs, explaining, “There is nothing the Federal Reserve can do to fix the supply chain. The Fed’s tools just don’t work on because the inflation is on the long side of the track. This is not inflation driven by consumer demand.”