This was a forecast I drew up back in early 2021 when my thesis of an 'early rate hike' was being dismissed by every financial expert I knew.
Now, 2-3 years later after a incredible and rapid increase of cash rates to pull back the excess fiat in the system, there is increasing chance of even greater fiat printing.
I still believe Gold will extend much higher than current value simply to offset the decreasing value of the US Dollar...and the concept of increased money printing adds more positive bias to my forecast.
Time will tell.
Now, 2-3 years later after a incredible and rapid increase of cash rates to pull back the excess fiat in the system, there is increasing chance of even greater fiat printing.
I still believe Gold will extend much higher than current value simply to offset the decreasing value of the US Dollar...and the concept of increased money printing adds more positive bias to my forecast.
Time will tell.