Where Gold Prices Are Headed In 2021

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Bitcoin is rocketing, commodities are surging and stock indexes are setting records almost every day. But gold has been dead in the water for months. Has it become passé in this age of cryptocurrencies? Many observers think so. 

This segment of What’s Ahead shows how the skeptics are wrong and explains why gold has been the best hedge against monetary bad behavior by governments for thousands of years—and why it remains so today.

It then lays out what lies ahead: a big surge.

The yellow metal shot up 50% between the summers of 2019 and 2020. It then paused, as banks and consumers maintained large cash balances.

But the Biden administration is hot to spend the $1 trillion that’s unspent from previous pandemic relief measures and is pushing another $1.9 trillion package. It wants to follow that with a $3 trillion infrastructure bill.

A cascade of cash is about to flood the economy.

Oblivious to the inflation risk, the Federal Reserve seems eager to print the money to finance it all.

So watch out for the latter part of 2021—and buy gold before then.

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Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers,

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers, politicians and pioneers in business and economics in honest conversations meant to challenge traditional conventions as well as featuring Steve’s signature views on the intersection of society, economic and policy.

Steve helped create the recently released and highly acclaimed public television documentary, In Money We Trust?, which was produced under the auspices of Maryland Public television. The film was inspired by the book he co-authored, Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It.

Steve’s latest book is Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity co-authored by Elizabeth Ames (McGraw-Hill Professional).

Steve writes editorials for each issue of Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.

In both 1996 and 2000, Steve campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense. Steve continues to energetically promote this agenda.





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