One successful hedge fund manager believes that gold can increase by nearly 300% over the next five years.
In fact, Diego Parrilla, manager of the defensive and gold-heavy Quadriga Igneo fund, predicted that the precious metal would rise to break its historic all-time high in 2020.
And it did.
Although we hear our fair share of stories about certain tech stocks and other alternative investments experiencing triple-digit gains (although rarely, if ever, sustainable), gold is much different.
Gold has provided several use cases over the past thousands of years and is considered as a store of value because it cannot be printed like money and has historically maintained its value over time.
With inflation numbers increasing month over month for the past year, combined with out-of-control spending by the government, money printing, among a list of many other things, many investors feel that a stock market correction is likely by the end of the year.
This also happens to be one of the main reasons supporting Parrilla’s belief that gold could soar to $3,000, possibly even $5,000 an ounce within the next three to five years.
Parrilla believes that people are not appreciating the risks of the massive pandemic stimulus efforts underway, like today’s incredibly low-interest rates.
He also expects the next decade will see runaway inflation that central banks cannot control.
“Central bank money printing isn’t really solving problems, it’s delaying the problem,” Parrilla says.
“Gold will benefit purely from being a physical asset that you cannot print.”
Again, although gold provides many use cases, one that is arguably at the top of the list in importance is physical bullion like coins and bars.
Physical gold empowers you with ownership of an asset that contains an actual value and is easily accessible.
As we saw with the 9/11 terrorist attacks on our country and the start of the Coronavirus pandemic last year, traders turned to gold and caused prices to soar.
In September 2011, the price of an ounce of gold hit a new high while also worrying about the US debt default.
A similar situation the US finds itself in today.
It would be safe to say that everyone across the globe was ready for the pandemic to be over in 2020.
Unfortunately, we’re a few months away from 2022 and here we sit facing the same uncertainty.
In just a few short months, we will be having our “two-year pandemic anniversary.”
Are you confident the economy is headed to better days?
Call American Hartford Gold today at 800-462-0071 to learn how thousands of Americans are protecting their retirement savings and wealth with assets like gold.