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Bloomberg/Ranjeetha Pakiam/8-1-2021
“Gold is primed to surge to fresh highs as the risks around central banks unwinding massive stimulus are under-appreciated by investors, said a fund manager who forecast the metal’s ascent to a record last year.”
USAGOLD note: Diego Parrilla, head of the $250 million Madrid-based Quadrigo Igneo fund, says gold could go to $3000 to $5000 per ounce for reasons well-known to those who frequent these pages. Adding credibility to his prediction, Parilla correctly called gold’s rise to record levels last year back in 2016 when the metal was trading in the $1200 to $1300 range. We referenced this article in this morning’s DMR and repost it here for those who may have missed it.
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