U.S. debt risk is not priced in, and gold prices could skyrocket once investors do the math
From kitco.com
Gold continues to benefit from strong and steady central bank demand, and the more recent pivot of North American and European investors into gold-backed ETFs could have a major impact once markets digest the implications of the U.S. debt situation, according to Ryan McIntyre, managing partner at Sprott Inc. In an interview with Kitco News this week, McIntyre discussed the various factors that are driving the gold market – some longer-running, some more recent – and the impacts each is likely to have over the coming months. Bedrock central bank demand: The first of the longer-term factors that have helped push gold ...
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