Illogical Curv As global economic uncertainty continues to grow, investors are looking for safe places to invest for both protection and profit. The U.S. Dollar can only get so strong before the effects of money creation take hold and lead to inflation. Gold has become the only safe place to park cash and is set to continue the meteoric rise that began in 2016.
All indicators right now are pointing to a continuing bull run in the spot price of gold in 2017, with experts predicting increased investments in the metal across the board.
"Long-term, the case (for gold) looks solid," says Alan Miller, the CIO of investment management firm SCM Direct.
Central banks and leading hedge funds have stepped up their gold purchases.
The World Gold Council predicts that even, “pension funds could start buying gold,” as a portfolio diversifier.
Or as legendary investor Doug Casey says, 2017 is going to “take gold a lot higher than most people can imagine!”