Why this veteran investor sees gold hitting $7,000 by the end of Trump’s term
1. U.S. debt has reached $37.5 trillion, 124% of GDP, impacting market dynamics. 2. Investor margin debt has climbed 33%, indicating increased risk in asset purchases. 3. Gold prices have risen nearly 47% this year, with a potential rise forecast. 4. Central banks are increasing gold purchases, driven by economic instability concerns. 5. Strong retail demand for gold in India and China supports ongoing market strength.