Here’s How Gold Could Hit $5,000 In 2021

LONDON, Nov. 17, 2020 /PRNewswire/ — Trump loves gold. The White House decor is now a shrine to the precious metal, and there’s enough gold adorning Mar-a-Lago to fill the central bank coffers of your average country. Even his private plane boasts gold-plated seatbelt buckles, gold bathroom fixtures, and gold silk wallpaper. Mentioned in today’s commentary includes : Newmont Corporation (NYSE: NEM ), Eldorado Gold Corporation (NYSE: EGO ), Pan American Silver Corp. (NASDAQ: PAAS ), Royal Gold, Inc. (NASDAQ: RGLD ), Wheaton Precious Metals Corp. (NYSE: WPM ).

Gold loves Trump, too. It’s been a banner year for the world’s number one safe-haven asset. Gold has experienced a meteoric rise, hitting a record in August when it was up 40% on the year. An unprecedented pandemic-induced economic meltdown, a weakening dollar , and the cobra effect of massive a government stimulus have sent financial markets into a tailspin.

The fear […]

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