Gold industry expert Gary Wagner has reiterated the allure of gold in current conditions, doubling down on the usefulness of gold in periods of high inflation and as a safe haven in times of economic turmoil; both conditions the market finds itself grappling with right now.
Speaking on Monday, Wagner said gold remains a great store of wealth over time, explaining “Are [inflationary pressures] transitory? I think they’re a lot more persistent than the Fed assumes that they were. My sense is that inflationary pressures will run high at least through the end of the year, maybe the first quarter of next. Gold is an excellent hedge against inflation … over time, what we have seen is that it has the same buying power.”
Don’t delay. Buy gold now.