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Gold came to a head in 1981 when it got to $850 an ounce in nominal terms, yet readjusted for rising cost of living, that would certainly equate to $3,000 in actual terms today.
$ 3,000 is this cycle's coming top, David Garofalo, Chief Executive Officer of Gold Nobility Corp. told David Lin, anchor for Kitco News.
Comply With David Lin on Twitter: @davidlin_TV ()
Comply With David Garofalo on Twitter: @GoldRoyaltyCorp ()
0:00 – Gold Aristocracy's 3-way merger
3:00 – Gold Nobility's future development
8:40 – Gold rate outlook
11:50 – Cryptos vs gold
13:30 – U.S. buck
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$3,000 gold is this cycle's peak, and it's coming, here's why - David Garofalo
Gold peaked in 1981 when it reached $850 an ounce in nominal terms, but adjusted for inflation, that would equal $3,000 in real terms today.
$3,000 is this cycle’s coming peak, David Garofalo, CEO of Gold Royalty Corp. told David Lin, anchor for Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow David Garofalo on Twitter: @GoldRoyaltyCorp (https://twitter.com/GoldRoyaltyCorp)
0:00 - Gold Royalty's 3-way merger
3:00 - Gold Royalty's future growth
8:40 - Gold price outlook
11:50 - Cryptos vs gold
13:30 - U.S. dollar
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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