I'm a shareholder of Alamos and holding for the long term for capital appreciation.Over the last two weeks the price go gold has been volatile, perhaps due to profit taking.What are your views of gold for the next two years considering ,moneys flowing to Bitcoin,and the American deficit balooning with no political will to address it? Pun
dits are predicting gold prices to reach 3000$ or more....
many thanks,
Jean
We have AGI comments posted this morning. We still think gold goes to $3,000. While bitcoin is taking some of the momentum, the underlying trends for gold remain good. These include US debt and declining interest rates. If the US dollar weakens under new policies gold should be strong. But of course it may not. Much depends on the success of the protectionism policies. Higher inflation leading to higher rates would be a negative. But the gold market likes to look forward, and four years is not a long time for gold bugs. Unless the US debt situation changes dramatically, we would expect gold to continue to have an upward trajectory. Silver should follow, but silver has industrial usage so is also more dependent on the economy than gold is. A recession would take some of the shine off silver. Silver may pause while investors ascertain economic prospects. We would expect gold to be 'a bit' higher by year end.