Gold Is The New Bitcoin

The surging gold price has already exceeded our year-end target of $4,000 per ounce. Risk-off investors may be concluding that gold offers greater protection from geopolitical risks than bitcoin, which is more like a risk-on speculative vehicle and has been weak recently. Bitcoin has been described as “digital gold,” but we see gold as “physical bitcoin.” We now think the gold price could reach $5,000 an ounce by year-end 2026 and possibly $10,000 by the decade’s end if not before. … Also: While the government shutdown has shut off many of the usual economic data spigots, we can tell from other sources that the economy remains resilient.