Gold’s Inflation-Haven Appeal Means ‘Violent’ Run-Up May Be Ahead
- Garofalo expects gold to reach $3,000 in matter of months
- McEwen sticks with $5,000 long-term call as currencies debase
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One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons.
That’s the view of two of the biggest names in Canadian mining -- the former chiefs of Goldcorp Inc., David Garofalo and Rob McEwen -- who predict investors will catch on soon that global inflationary pressures are less transitory and more intense than central bankers and consumers price indexes suggest.