Gold price to reach US$3,000 in 2023

Every year Saxo Bank publishes the exciting "Outrageous Predictions".

Online and trading and investment specialist Saxo Bank, has once again announced predictions of unlikely events. These would, if they came true, shake financial markets, politics and cultures. Sometimes, however, Saxo Bank’s predictions have already come true. The main argument of this year’s forecasts is based on the idea that a return to pre-pandemic disinflationary dynamics is impossible because of a global war economy. There would be similarities between the Europe of today and the Europe of the early twentieth century. Back then, Europe lay in ruins after a terrible war. Central banks and governments will lose the battle against inflation. The price of gold could rise to $3,000 per ounce due to unstoppable inflation, according to Saxo Bank. China’s end of zero-covid is driving up demand, commodity prices and inflation.

Price controls are intended to limit inflation. Countries not allied with the U.S. move away from the U.S. and the International Monetary Fund. They create a new reserve asset called Bancor. U.S. dollar reserves are cut, and the U.S. dollar falls 25 percent against several other currencies that trade with Bancor. The OECD bans the largest tax havens on earth in 2023. So, Saxo Bank’s predictions are always interesting reading, and as I said, some of the predictions have come true. However, 2023 develops, a small gold stock and a few gold stocks in the portfolio are always advisable. Well positioned gold companies are for example Victoria Gold or Tarachi Gold.

In the Yukon, Victoria Gold – https://www.youtube.com/watch?v=jL81G8xMZhk – is producing at its Eagle Gold Mine (50,000 ounces in the third quarter of 2022). Reserves are 3.3 million ounces of gold, with the project still open in several directions.

Tarachi Gold has gold, silver, copper and zinc in the ground. The projects, Tarachi and Magistral Mill and Tailings are located in mining-friendly Mexico.

Latest company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/