Bitcoin in Pole Position, But Gold’s Pent-Up Demand About To Be Unleashed

• Stansberry Research
  Investors frustrated that gold has been unable to regain historic highs last seen in the summer of 2020 should fret not, according to Peter Marrone, Executive Chairman for Yamana Gold. “I’m not surprised by this correction. Since last year I was saying that gold was ahead of itself, but I would be stunned if the economy does not overheat,” he tells our Daniela Cambone. “Rely on history more than you rely on economics; there is an emotional component to gold that does not always follow an economic model.” Referring to previous periods of pent-up demand, Marrone explains that “when demand is unleashed, we go into an inflationary cycle, which historically has been exceptional for gold prices.”

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