GOLD IN THE NEXT 5 YEARS: WILL IT RISE OR FALL

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In the past, people have flocked to gold as a safe haven asset during periods of economic instability and currency depreciation, making it likely that demand and price would rise over the next five years.

  • Inflation:
GOLD

The fundamental factors that drive inflation are all present and accounted for, including supply chain problems, manufacturing concerns, a large amount of money from the Fed that hasn’t yet impacted the economy, and growing food costs. As a result, high inflation appears to have no end in sight. In contrast, the Fed’s modest interest rate increases of 0.50 and 0.75 basis points pale in comparison to the current inflation rate of 8.6 %, suggesting that inflation may become even more out of control.

The US inflation rate is at 8.6%, up from 8.3 % in April. High inflation rates in the past have caused the price of gold to rise quickly. Inflation was increasing quickly in the 1970s and up until 1980, and the price of gold increased by more than 2,000 %. The price of gold might rise sharply if inflation stays at or exceeds the target rate of 8%. To reach $3,000 an ounce, gold would only need to increase by around 50%; possibly as a result, gold will be considerably more valuable in 5 years.

  • Stock Market Correction:
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