Today, we bring you groundbreaking insights from the esteemed resource investment firm, Goehring & Rozencwajg. Their latest report presents a compelling case that gold is “radically undervalued” in today’s economic landscape.
According to their analysis, the staggering levels of sovereign debt held by governments globally pose significant refinancing risks. In a scenario where a government debt auction fails, countries — including the United States — may resort to directly monetizing their debt.
If that happens, Goehring & Rozencwajg say inflationary pressures would likely surge. They go on to state, “In such a scenario, gold could easily surpass $35,000 per ounce – 1.5 times today’s $5.6 tr monetary base.”
It’s not every day you see a gold forecast like this, so we wanted to share it with you so you can read it yourself.
