Incrementum AG sees a 45% probability of the gold price hitting a new all-time high at $2,100 or higher as early as December 2021.
Authored by Ronald Stoeferle and Mark Valek, and now in its 50th iteration, the Liechtenstein-based investment boutique’s annual report entitled ‘In Gold We Trust‘ also argues in its base case future scenario for gold trading at $4,800 per oz. by the end of the decade. Given the wave of ‘monetary climate change’ triggered by the pandemic and the prospect of inflation sticking around for longer brings a gold price hitting $8,900 per oz. “within the realm of possibility” by 2030, the report has found.
At last year’s report launch, Stoeferle and Valek said: “It’s not a question of if, but when we will see a new all-time high.”
https://www.mining.com/gold-price-45-chance-for-a-record-by-december-incrementum-report/
Money printing continues each month with 10% more money in circulation YTD: https://fred.stlouisfed.org/series/CURRCIR
#Gold prices will move up with the money printing and economic uncertainty. That's why I invest in multiple strong gold mines with larger and smaller positions. #PGOL (CAD & USD) which has a 3% NSR from the Moss mine of #NEE who is mining and exploring at the same time with great drilling results already and a new 43-101 pending. PGOL is close to a P/E of 4 when using the cashflow from the Moss mine. Management reinvests this cash in their projects in Nevada and Arizona. Furthermore, #NEE has big exploration and production plans shown in its Investor Presentation page 7. and has also wonderful shareholders potential for every investor. Speaking of Nevada, #ANE has gold potential besides #copper in Nevada also pending drilling results. Undervalued #EDV is a big gold player with an extremely low AISC compared to competitors and large gold reserves. #AXM will profit from #EDV Senegal location as its partner, the place that will be the new flagship for Endeavour Mining according to their Investor Presentation page 41. Partly by the 1.5% NSR claim and partly by the 5 new targets that are pending at the moment. The Gora target paid well. #ABX #NGT #KL are also great large gold players if you look for something more stable and safer jurisdiction. Good management, low production costs and great assets is what will create good shareholders returns. Smaller players with good potential and NPV's are #PGM #MOZ #NCX #ITR #SKE #CDB #AME #EXN #MED #OTSO #SBB #AXU #SSRM #HRT #RTM #GLW #KEFI.L
