David Garofalo: Gold Price Rise Inevitable, Expect US$3,000 Sooner Than Later


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This interview was filmed on December 16, 2021.

Gold put on a fairly flat performance in 2021, but David Garofalo, formerly of Goldcorp and now at the helm of Gold Royalty, expects a major move from the metal in 2022.

“I see no reason why we wouldn’t achieve that US$3,000 an ounce target,” he said. “When it happens, it’s going to happen quickly and violently, as it normally does in commodity cycles. It’s not a steady upward trajectory to those types of targets.”

#Investing #Mining #Gold

0:00 – Intro
0:19 – Gold Royalty update and 2022 plans
2:06 – Why didn’t gold move more this year?
4:06 – Fed’s plans won’t stop the gold price
6:06 – Best way to get exposure to gold
8:07 – How inflation is affecting miners
10:21 – Royalty companies in the last cycle
12:42 – Gold could hit US$3,000 next year
14:37 – Message for frustrated investors
16:57 – Outro

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