'There's' just too much debt in the world' - Peter Grosskopf explains why gold will head higher
Gold should head higher due to debts and deficits, said Peter Grosskopf, chairman of SCP Resource Finance.
On Wednesday Grosskopf was interviewed by Kitco Mining.
Gold has been hitting fresh all-time highs late into 2023 and through 2024, but gold miners have only just rallied in the last month. Gold equities, measured by the GDX, is up over 16% in the past month.
"The market finally woken up to these high precious metal prices," said Grosskopf. "[The rally is] definitely led by the big caps. The small caps just started to react in the last day or two after coming out of a long, cold…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.