We know the biggest problem driving the price of gold is the ever-burgeoning stack of public debt, which the folks at ValueWalk believe could be exacerbated by inflation next year.
by Dave Allen for Discount Gold & Silver
The International Forecaster
Gold is thee store of value in a world of fiat currencies.
So, the world’s central banks have been buying gold for years, and that trend could drive the price up well over $2,000 next year, according to some experts.
We know the biggest problem driving the price of gold is the ever-burgeoning stack of public debt, which the folks at ValueWalk believe could be exacerbated by inflation next year.
They recently reported Noble Gold founder and CEO Collin Plume’s observation that central banks will have to bear to brunt of “government generosity.”
They’ll do that by covering the costs of multiple stimulus packages that have subsidized businesses that haven’t been able to function and their workers who’ve needed relief to survive during the lockdowns.