Providence Gold Mines Inc V.PHD

Another outlook for gold in 2023 - real good read

[2021Gamble]

Excerpt from the below article

The best-case scenario for gold in 2023 involves a global slowdown and a shift by central banks toward looser financial conditions, particularly in the United States. A reopening in China may also have a beneficial effect on the bullion market. These events might boost gold prices by at least 10% to $2,000/oz.

If stagflation were to worsen, with a global recession and stickier-than-predicted inflation but central banks holding back further monetary tightening, gold’s price might rise exponentially as investors flee bonds, equities, and currencies all at once, as happened in the 1970s. In this situation, gold would be seen as the “only asset in town” and may be on track to surpass its all-time high of $2,075/oz.

https://capital.com/gold-price-2023-outlook-will-stagflation-push-bullion-to-fresh-all-time-highs

[givemeabreak1]

What idiot wrote the artice?  A reopening of China?  They have obviously never closed as everything you got for Chritmas still came from China.  Where do these idiots come from?  A 10% increase in gold will cover the last 16 months of inflation so it has gone no where.  Further that does not address the increased interest rates.  A gold miner was paying 6% financing