Goldman Sachs is a big believer in gold for the year ahead, and one of the main reasons is the advent of an increasingly popular economic approach that encourages government deficit spending.
As part of a bullish forecast for the yellow metal, Goldman said one reason is the growing discussion over Modern Monetary Theory, which says debt and deficits don’t matter so long as inflation remains low. MMT proponents, primarily on the political left, say governments should use low rates to spend on infrastructure and social programs to boost growth and reduce inequality.
Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.