Billionaire Kaplan Predicts Gold Price Will Soar to a Record High
Investor Thomas Kaplan stated that the recent drop in gold prices is only temporary, and he expects gold to surpass last month's record of $5,600. He believes that currency devaluation, high global debt, and concerns about fiat currencies, including the US dollar, are key factors driving the rise in gold prices.
Kaplan views gold as a safe, debt-free asset that can preserve value under economic pressure. He predicts that central banks and governments may gradually nationalize gold, making it one of the few assets that could retain value during financial crises.
Kaplan notes that the current gold price fluctuates around $5,083 per ounce, with its trend similar to past market recoveries, and expects gold to continue its long-term bull run.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
