{"id":56025,"date":"2020-12-16T08:17:00","date_gmt":"2020-12-16T13:17:00","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56025"},"modified":"2020-12-16T08:17:00","modified_gmt":"2020-12-16T13:17:00","slug":"billionaire-investor-thomas-kaplan-gold-prices-to-move-way-past-all-time-highs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56025","title":{"rendered":"Billionaire Investor Thomas Kaplan: \u201cGold Prices to Move \u2018Way Past\u2019 All-Time Highs\u201d"},"content":{"rendered":"
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Billionaire Investor Thomas Kaplan: \u201cGold Prices to Move \u2018Way Past\u2019 All-Time Highs\u201d<\/a><\/h3>\n<\/div>\n<\/div>\n<\/section>\n
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\"Thomas<\/p>\n
Image adapted from an interview with Real Vision,<\/a><\/span><\/div>\n<\/div>\n

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Billionaire investor sees gold blazing far past August\u2019s high, gold is scheduled for a re-run in 2021, and hoard of medieval\u00a0gold coins<\/a>\u00a0unearthed in an English back yard.<\/p>\n

Gold\u2019s new all-time high is just the start, says billionaire investor<\/strong><\/p>\n

The bull run in gold that saw the metal blaze to a new all-time high of $2,071 in August might have, at first glance, been a result of the pandemic. To be sure, the prevalent uncertainty and the multi-trillion dollar stimulus dump did their part in elevating prices above the previous high set in 2011. In an interview with Kitco, billionaire Thomas Kaplan explained why\u00a0gold is really in a prolonged bull market<\/a>\u00a0that started in the early 2000s.<\/p>\n

Kaplan, who did his doctoral dissertation on commodity supply and demand, said that gold is currently in the third wave of a decades-long uptrend. The first wave launched gold from $250 to $900, with the second wave pulling gold towards the $1,200-$1,900 range. And, as has often been pointed out by careful observers, gold was already on a bull run and had reached $1,800 before the pandemic.<\/p>\n

The pandemic, however, has caused both investors and the average citizen to re-evaluate what money really is. Kaplan points out that a trillion dollars, which seemed nearly unfathomable just a few years back, now appears to have become \u201cthe new billion\u201d in a staggering display of paper-money inflation. While not exactly good for the mining industry, Kaplan also highlighted the ongoing struggles when it comes to production, adding that new ore is not only increasingly difficult to find but also of a lesser quality.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Billionaire Investor Thomas Kaplan: \u201cGold Prices to Move \u2018Way Past\u2019 All-Time Highs\u201d Image adapted from an interview with Real Vision, This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Billionaire investor sees gold blazing far past August\u2019s high, gold is scheduled for a re-run […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[18769,374,647,30720],"class_list":["post-56025","post","type-post","status-publish","format-standard","hentry","category-economics","tag-birch-gold-group","tag-gold","tag-precious-metals","tag-thomas-kaplan"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56025"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56025\/revisions"}],"predecessor-version":[{"id":56026,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56025\/revisions\/56026"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}