Meanwhile, speaking with Kitco news, Tom Palmer, president and CEO of Newmont, the world’s largest gold miner, concluded that the euphoria around investment has diminished more or less. Additionally, a perfect storm seems to be brewing, pushing gold prices much higher than when the war in Ukraine started. He also added:
Gold demand will come from the new floor
Current macroeconomic developments favor gold having a new floor, which will help gold mining companies run their business in the long run for the benefit of the shareholders and employees. Monetary stimulus and money printing have somewhat eroded people’s confidence in paper money, and assets like gold may well benefit. It seems as if the gold miners are poised for a solid decade ahead, with gold possibly reaching all-time highs in the next decade. Meanwhile, the length of the current macro crisis will play a significant role in commodity prices and how favorable investors see gold as an investment. Buy stocks now with Interactive Broker – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
