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This interview was filmed on May 17, 2022.
Gold’s performance so far this year has disappointed some market participants — is it set to improve? David Garofalo, CEO and chairman of Gold Royalty, believes the yellow metal is still on track to reach US$3,000 per ounce in 2022.
“At the onset of a bear market, which we’re experiencing in the equity markets right now, it’s the baby and the bathwater — everything is getting thrown out, including gold equities and gold. But eventually more discerning investors will start to buy defensive asset classes, and gold clearly is that in this type of inflationary cycle,” he said.
Garofalo added, “I still believe gold is poised for the strongest run it’s ever had — I do believe gold will achieve US$3,000 in this cycle.”
#VRIC2022 #Investing #Gold
0:00 – Intro
0:20 – Equities bear market hurting gold
2:07 – Recession and next steps for Fed
4:07 – Can gold still hit US$3,000 in 2022?
6:23 – Mining industry’s existential crisis
9:38 – Gold Royalty’s plans for the year
12:31 – David’s final advice for investors
13:08 – Outro
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