Gold is strangely undervalued is Wolfteam Ltd.'s corporate opinion.
Along with gold, silver and gold stocks, silver stocks and precious metals miners are undervalued.
There are 10 trillion + USD of outstanding created/printed money by global central banks, compared to 14 years ago.
Due to the conflict between Russia and Ukraine, there is significant global risk aversion currenlty. To that political instability should be added. Add to that record buying by central banks and individuals buying more and more gold to safe harbor their savings.
Interest rates have risen, but the other mentioned factors in the past have almost always outweighed higher interest rates.
One possible reason for gold's undervaluation is Bitcoin, which acts as substitute for gold as far as money transfer, Bitcoin/gold spot trading that is, and store of wealth is concerned. Here classic money functions like means of payment and unit of account should be added.
In my opinion, absent Bitcoin and possible other hidden factors, gold troy ounce's spot/futures price should be something like 3 700 USD.
Gold and silver are undervalued, according to Wolfteam Ltd.
It would be interesting for how long this glaring undervaluation, in my opinion as sole proprietor of Wolfteam Ltd., will continue?
You could express opinions in forum comments under this blog post?
www.wolfteamedge.com
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