Gold To Surpass $3,000: VanEck (Forbes)

"[W]e believe this to be a deflationary cycle," said Joe Foster, veteran portfolio manager at investment company VanEck, in a company statement. "Both recent deflationary gold bull markets suggest that a price over $3,000 per ounce is reasonable." 

He continues:

• "If one believes, as we do, that the current central bank stimulus to fight the impacts of the COVID-19 virus, along with elevated levels of systemic risks, are similar to those during the global financial crisis, then $3,400 may be the target for this bull market.”

https://www.forbes.com/sites/simonconstable/2020/08/11/gold-to-surpass-…