Gold Expected to Rise, Says Raoul Pal—Here’s What Could Hold It Back
Raoul Pal, CEO of Real Vision, predicts that gold will likely rise due to continued monetary debasement. Though he believes its growth will be slower compared to digital assets.
He argues that both gold and crypto benefit from the U.S. debt burden, but crypto offers higher returns and greater potential. Pal also suggests that ongoing currency debasement could make recessions less likely, noting that the 2020 recession wouldn’t have occurred without the pandemic.
He believes that currency debasement prevents collateral from dropping. Which in turn staves off recessions triggered by credit events.
Clever Robot News Desk 27th November 2024
