12 October 2023
Gold is being touted as a critical investment, with experts urging purchases now, irrespective of current prices. The US Federal Reserve’s monetary tactics, like interest rate hikes, draw parallels to the 1970s scenario, suggesting a significant gold price surge is imminent. Historical patterns indicate that with the current economic climate and trends in real interest rates, gold prices could potentially exceed US$3,000/oz, and even reach up to US$4,500/oz. Investors are advised to capitalize on gold’s potential as a hedge against the unpredictable nature of paper assets.