Gold’s Time to Shine?

Hi Friends,

Gold has pulled back from recent highs, but the chart is looking good for another run:

As a diversified investor, I have some gold holdings - physical, paper and gold miner stocks. I did not sell any on the run up, and feel $2,500 in the near term is very possible, so I am considering adding a bit more - perhaps GDX for a more aggressive gold play over GLD.

With higher inflation and more government spending/debt, I like gold as a contra play for when the economy hits crisis mode again. I consider myself an optimistic person, but I also am a realist. - I see political issues (social unrest, bipartisanship, etc), debt issues (sovereign defaults, negative interest rates, etc), and economic issues (new coronavirus strains, high unemployment, aging population living longer without adequate, high housing costs, continued mask mandates/business restrictions despite vaccine, etc) to cause enough turmoil to rattle the markets and cause gold prices to spike (Bitcoin likely to benefit as well). I like gold long term also, but expect it to lag other investments so it is not a significant part of my long term holdings.

I think gold will double from the current at some point in the next 3 years - how about you?

Thanks for coming by, Brian

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