$2,000 gold by year-end? 'Easily', if inflation continues - Will Rhind

By Kitco News / July 10, 2021 / www.kitco.com / Article Link

Jul 13, 2021 Guest(s): Will Rhind CEO, GraniteShares

The U.S. Consumer Price Index (CPI) rose 0.9% in June, after a 0.6% rise in May. Year-on-year, headline inflation is now at 5.4%.
Will Rhind, CEO of GraniteShares, said that gold, being an inflation hedge, can continue to rise if inflation does not cool off later this year.
"I think if we start to see inflation numbers high or elevated after the summer, when everybody gets back from vacations, September time, I think we can easily see [$2,000 gold] before the end of the year," Rhind told David Lin, anchor for Kitco News.

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