Pandemic aftershocks have stressed supply chains, which has led to the surge in the price of various commodities, including natural gas and aluminum, with some believing that gold may soon experience a rally as well. Rob McEwen and David Garofalo, former Goldcorp Inc. chiefs, expect investors to realize soon that international inflationary pressures are more intense and less transitory than consumer price indexes and central bankers suggest.
Once investors do so, Garofalo expects that the inflation-protection appeal of gold will cause the precious metal’s price to move from its current $1,800 per ounce price to about $3,000 per ounce…
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