Well, gold has climbed by over 50% in 2025. It's holding above $4,000 in recent days as the so-called debasement trade gained steam. Back in 2011, Warren Buffett cautioned investors in his annual shareholder letter that gold quote is currently a huge favorite of investors who fear almost all other assets, but that the precious metal quote has two significant shortcomings being being neither of much use nor procreative.If you own one ounce of gold for all an eternity, you'll still own an ounce at its end. Jo ...

CNBC contributor Tim Seymour joins us now with more. Tim, great to have you on. Great to be here, Morgan.Thanks. First, I just give you some kudos because you were in many ways early to the gold trade. You were you were a gold bug uh before it became cool.So, I do want to get your thoughts on what we've seen there. It's nice to be cool in some way. Um, thank you.You know, as as someone that's been investing internationally, what I've seen for a long time is the central bank diversification dynamic. I I thin ...

Go through the price targets now for four year end of next year. We'll take from that. What are you looking for at the moment.Yes. So we have gold rising of 10% to 4300 by the end of by the end of next year, but with significant upside, both because the recent drivers of the rally are driven by the pretty sticky inflows from both central banks and ETF holders holdings. It's not driven by spec positioning, which tends to be more mean reverting.And second. In September we saw that ETF inflows were six times l ...