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David Garofalo: Gold Due for Dramatic Move as Unprecedented Inflation Looms

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David Garofalo: Gold Due for Dramatic Move as Unprecedented Inflation Looms

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David Garofalo: Gold Due for Dramatic Move as Unprecedented Inflation Looms

This interview was filmed on July 28, 2022.

This Investing News Network video was sponsored by Empress Royalty. The opinions expressed by the interviewee are their own, and do not reflect the opinions of the Investing News Network or Empress Royalty. Click here to learn about Empress Royalty: https://bit.ly/3JwOE1M

David Garofalo of Gold Royalty remains confident in gold’s future. He’s previously put forward a US$3,000 price point for 2022, and recently reiterated his positive outlook.

"Gold has really done its job as a store of value," he said. "But it’s likely to accelerate upwards dramatically as inflation accelerates, because the reality is nominal rates have very limited scope for increases, and (in my view) inflation will continue to accelerate for the foreseeable future."

#Investing #PreciousMetals #Gold

0:00 – Intro
0:40 – Fed will have to pivot, it’s inevitable
2:48 – Gold fundamentals as strong as ever
6:15 – How inflation is impacting miners
9:34 – Catalysts for Gold Royalty in 2022
10:49 – Now is the time to selectively buy
11:55 – Outro

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