Core Viewpoint - Gold is transitioning from a hedge asset to a leading investment, with expectations that prices will double in the coming years due to macroeconomic factors and increased demand from central banks and investors [1][2][5] Group 1: Market Dynamics - Gold and silver have outperformed most asset classes, indicating a shift in their roles within investment portfolios [2] - The demand for silver is significantly outpacing supply, driven by industrial uses in solar, electric vehicles, and AI data centers [3] - Central banks are major purchasers of physical gold, using it as a hedge against economic uncertainties, a trend expected to continue [4] Group 2: Investment Sentiment - Investor demand for gold through ETFs is on the rise, contributing to ongoing market dislocations [4] - While volatility is anticipated, the long-term outlook for gold remains positive as it becomes more integrated into various investment strategies [4] - The call for gold prices to double is based on a broader analysis of currencies, central banks, and overall market confidence [5]

RT Arnaud Bertrand (@RnaudBertrand)I was studying other times in history when gold prices more than doubled in the reserve currency of the time, as they did in the past year: it's rare and almost always a sign of a profound loss of confidence in the existing monetary and political order, going all the way back to the Roman empire (the so-called "Crisis of the Third Century").And it often marked the transition from one era of power to the next: the fall of Rome, Spain's decline from world power, the French R ...