Forbes: Why Gold Could Rise For the Next 10 Years

April 18, 2019

Article by Bert Dohmen in Forbes

Gold has been widely ignored since 2011 as an asset class for institutional portfolios. However, that should change as most other asset classes deteriorate and become unattractive for a while.

What is bullish for gold? My opinion is that gold is primarily an inflation hedge, actual inflation or the perception of future inflation, as currencies are debased by governments that can’t pay their bills.

With long-term bullish sentiment on the precious metals so low until late 2018, and the gold price in terms of many foreign currencies already near or at new record highs, it’s only a matter of time before the U.S. dollar price of gold shoots upward. The long-term factors are very constructive.

The bottom in the precious metals has been forming since early 2016. As you can see from the chart below it had a quick rally that year and then went into another sideways pattern until January 2019. Now the chart appears to be getting ready for a stronger up-move.

To read this article in Forbes in its entirety, click here.

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