Incrementum AG sees a 45% probability of the gold price hitting a new all-time high at $2,100 or higher as early as December 2021.
Authored by Ronald Stoeferle and Mark Valek, and now in its 50th iteration, the Liechtenstein-based investment boutique’s annual report entitled ‘In Gold We Trust‘ also argues in its base case future scenario for gold trading at $4,800 per oz. by the end of the decade. Given the wave of ‘monetary climate change’ triggered by the pandemic and the prospect of inflation sticking around for longer brings a gold price hitting $8,900 per oz. “within the realm of possibility” by 2030, the report has found.
At last year’s report launch, Stoeferle and Valek said: “It’s not a question of if, but when we will see a new all-time high.”
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.