Home›Commodities›Precious Metals›Fund manager says gold could replace some bond holding…

Fund manager says gold could replace some bond holdings as commodities boom nears

In a discussion with MINING.COM, Willem Middelkoop also forecast silver could rise from the mid-$50s level toward $100 within months and set a long-term target near $500.

Reported · Written up by our desk · Precious Metals

MINING.COM reports that Willem Middelkoop, founder of the Commodity Discovery Fund and author of “The Big Reset,” said the market is shifting away from a dollar-centric era toward a multipolar world. He argued that gold is being reintroduced into the financial system and could take on a role similar to some of the bond holdings currently held by “sensible banks.”

Middelkoop told the outlet that his analysis points to an early stage of a generational commodities boom market. He cited a “perfect storm” involving shortages across multiple metals, geopolitical conflicts over resources, and what he described as currency debasement.

On silver specifically, Middelkoop said he increased his personal silver position in the prior two weeks. He referenced silver’s retracement toward a breakout level around $55 and said he would not be surprised to see silver move back up to $100 over the next few months or quarters.

Middelkoop added that his long-term target for silver is $500, while noting gold may lead at different points in the cycle. He said gold trading around $5,000 makes it unsurprising, in his view, if silver eventually reaches levels closer to $500, and he pointed to silver’s past run from breakout levels above $30 toward higher prices over the following years.

Latest closeGold $4,431.70 ▲1.9%|Silver $65.91 ▲2.0%

More like this

Sources