Gold at $3,000 Among Saxo's 2023 Outrageous Predictions
Gold surging to $3,000 an ounce is one of the more reasonable forecasts among Saxobank's 10 Outrageous Predictions for 2023.
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Gold surging to $3,000 an ounce is one of the more reasonable forecasts among Saxobank's 10 Outrageous Predictions for 2023.
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Get ready for a very big rise in gold in 2023. All the conditions are now in place, not to mention the energy crisis, the economic recession, the cracks in the bond market, the cryptocurrency crash and the growing geopolitical tensions.
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Before discussing the "imminent" revaluation of physical gold, let's retrace the monetary role of the gold metal in recent history.
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With US and global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world. Debt explosion leading to the currency becoming worthless has happened in history for as long as there has been some form of money whether we talk about...
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Energy costs are not falling enough to bring the inflation figure down significantly. The strength of gold is undoubtedly due to the mix of risk situations that have fueled the year 2022 and that will not be resolved without painfully impacting currency prices.
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Faced with the resurgence of inflation, many players are brandishing the idea that rising prices are desirable because they would reduce the burden of debt, which is at historically high levels. While this theory seems incontrovertible at first glance (the loss in value of money caused by inflati...
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China is continuing its de-dollarization process, while at the same time trying to secure supplies of the raw materials. This is contributing to the pressure on metal stocks. Demand for physical silver is expected to increase by +16% over last year. Mine production is not sufficient to meet such...
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Ghana's government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia.
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France, which is lagging behind its eurozone partners thanks to its tariff shield, seems to be heading for double-digit inflation in 2023. The energy dependence condemns Europe to high and lasting inflation.
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Central banks are snapping up gold this year, but it is uncertain which ones are behind most of that shopping spree, fueling speculation that China is a big player. Seeing how Russia has been hit by monetary sanctions by the West, China and some other countries must be hurrying to reduce dependen...
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The current crisis in the cryptocurrency market is a reminder of how important it is to know the product and the counterparty of the product you are investing in, and this also applies to holders of physical gold.
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Is the $32 billion collapse of the crypto exchange FTX the catalyst for the fall of the financial system? We will soon know, but at least the GOLD vs CRYPTO debate was settled last week for the ones who believed cryptos represent wealth preservation.
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5 reasons why the classic 60/40 portfolio is history and gold is becoming more important in the portfolio.
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FTX bankruptcy reminds us how important it is to pay attention to one's intermediaries on the one hand, and to the security of one's assets on the other. In this context, gold stands out from cryptocurrencies and reminds us once again of the lack of comparability between both assets.
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Egon von Greyerz and Matthew Piepenburg, exchange thoughts on the latest market and gold developments with Ronni Stoeferle. The discussion opens with a nod toward generational thinking, and hence generational wealth preservation.
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The news is marked by the crisis of confidence in the entire cryptocurrency sector after the spectacular fall of the FTX exchange platform. The reaction of the markets to the consequences of the crypto crash may therefore prove difficult to read. The other event of the week was the release of the...
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