Gold prices to surge as investors to spend another $2-3 trillion, report says

Forbes/Simon Constable/8-26-2020

“Investors are poised to pump an additional $2-3 trillion into the gold market in the wake of the Covid-19 crisis, experts say. That could mean a surge in the price of gold, such as that held in the SPDR Gold Shares exchange-traded fund, could surge by at least 30%.”

USAGOLD note:  That’s a big number – $2-3 trillion – and most of it, as Constable points out, in the form of hard physical metal. He points to a “slew” of problems as the source of that demand.  What he does not mention is that the demand he foresees could stretch far into the future given the unprecedented damage done the economy over a short, six-month period.