Gold Could Hit $15,000 Amid Dollar Decline, Says Investor

Summary

A dramatic economic slowdown is a possibility, not a probability, but the consequences of being wrong are severe enough for some investors to increase liquidity. The US dollar is expected to lose 75% of its purchasing power over the next decade, potentially driving gold prices to $12,000 to $15,000. The tokenization of gold is seen as a solution to its historical friction issues, allowing it to return to its role as money within two to three years. While oil prices have surged, driven partly by geopolitical conflict, structural underinvestment in the sector continues to be a long-term concern. North American oil producers, especially those not reliant on the Strait of Hormuz, are considered a good investment. Conversely, uranium is now seen as a highly attractive commodity due to renewed focus on energy security, with potential for long-term growth. Despite the dollar's weakening, it is expected to remain the dominant reserve currency for at least another decade due to a lack of viable alternatives. Central banks are aggressively buying gold, not out of fondness, but as a hedge against the US dollar's declining purchasing power and the weaponization of the dollar by the US government. Gold is increasingly becoming a significant US export, with much of it heading to Asia, signaling a potential shift in global trade settlement. The tokenization of gold, while still facing regulatory hurdles, is poised to make gold more accessible as both a store of value and a medium of exchange.