AEM:CC - Gold At $3000 Is The Wrong Way To Think About The Precious Metal
2024-05-22 09:38:09 ET
Summary
- The long-term case for gold remains strong, but investors should avoid falling victim to emotional biases and arbitrary price targets.
- Trying to predict the price of gold based on factors like real interest rates and inflation rate is unlikely to produce satisfactory results.
- Overall risk for the monetary system is the key driver of gold prices over the long-run.
I have been holding gold as a counter-weight to my equity portfolio for more than five years now and in this relatively short time period we had a number of peaks and troughs in sentiment towards the precious metal....
Gold At $3,000 Is The Wrong Way To Think About The Precious Metal