Blackrock sees Gold moving slightly higher

The report sees an range bound trend for gold, but with it increasing but not materially. This is a neutral position and an obvious safe one. It would require a massive shift, or major event to cause this shift. The report mentions that a ‘inflation expectation would need to materially increase to push gold out of a fairly narrow trading range.
After all, we must consider that most people do not consider gold as currency or an asset of wealth as some one like myself does. That makes sense. You cannot be a ‘wealth creation expansionist’, in which massive amount of money can be derived from nothing and be a strong supporter of actual assets. My argument is that although economic models tell us there is no inflation any effort spent looking into that notion is clearly debunked. Try telling some one in Canada that the cost of living has not skyrocketed, or in many major US cities. Wages have not been inflated, but housing has inflated to bubble levels throughout many cities globally.
Viewing gold as insurance and building your cash, near cash position personally or in a corporation is wise. Why take currency risk when all seems to be pointing to further interest rate increases in the next few years. Consider stepping out of your currency risk, your GIC’s and Money Markets or ETF’s and buy a physical asset to balance your portfolio and maybe make a little, too!
https://www.blackrock.com/uk/intermediaries/insights/market-updates/monthly-gold-report?siteEntryPassthrough=true&locale=en_GB&userType=intermediaries
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