Liechtenstein-based gold fund manager Ronald-Peter Stöferle (L) talks to TNM’s western editor, Henry Lazenby during the Mining Forum Americas last year in Colorado Springs.
Gold could exceed $4,800 per oz. by December 2030 based on a probable base-case scenario, Liechtenstein-based gold fund Incrementum outlined in its In Gold We Trust report.
The report’s base-case scenario projects an outcome with a target of $2,942 per oz. by year-end and $4,821 per oz. by the decade’s end, according to fund manager Ronald-Peter Stöferle. Gold is just starting a long bull market that could last for decades, said Stöferle, who is also one of the primary authors of the report released on Thursday. It’s fuelled by monetary excess, geopolitical fragmentation and technical market factors.
“We pointed out the possibility of an inflationary or stagflationary decade, as in the 1970s,” Stöferle wrote. “In…
