Gold exceeds $ 3000 – Peter Chef says it’s just a start

Investors may feel uncomfortable because the shares are fighting amid continuous trade tensions and definitions. However, according to economists Peter Chef, one of the assets emerges amid uncertainty: gold.

“Today it coincides with a huge moment in the history of gold, where the immediate price closes $ 3000 an ounce. Despite the silence of the media, this development is great,” Chef wrote on Instagram On March 17.

As the Uran Pacific Asset Management, Schiff has been a long -standing defender.

Once again in November 2023, when gold finished the month over $ 2000 an ounce, called A. “An important teacher” On X and expected “much higher prices will come soon.”

Now, with the gold session at $ 3,035 an ounce as of mid-March, this prediction has already been-but a chef believes that the gathering has not ended yet.

“While Banks Central Banks Gold, retail investors have a unique opportunity to benefit. With gold expecting a height of $ 4000 and beyond, it is now the perfect time for investment.”

Chef is not alone referring to central banks as a major force behind Gold’s height.

In 2024, central banks added 1,045 tons to global reserves, which represents the third consecutive year of pure purchase that exceeds 1000 tons, according to World Gold Council.

Goldman Sachs She also noticed, as the price of gold price at the end of 2025 was recently raised to $ 3100 an ounce, noting “the demand for the highest structurally central bank.”

For Chef, the central bank’s purchase not only related to the diversification of the portfolio – it is a warning sign.

Many investors resort to gold as a hedge against inflation, because – unlike the Fiat currencies – it cannot be printed according to the will by the central banks.

Chef says that the growing central banks of golden signals are deeper.

He said: “Investors have not even woke up to what central banks are doing, but the central bankers are familiar with the Fiat monetary system.” “Those who are familiar with the Fiat’s monetary system are throwing their dollars to buy gold. It is clear that they know something, and the public has not yet yet.”

So, what do they know that retail investors do not know?

Chef believes that it is simple: inflation will not go away.

He said: “Investors did not wake up to the reality of high inflation, as much as the eye could see, they still believe that the Federal Reserve will be able to reduce inflation to 2 % – there is no opportunity for this to happen.” “The inflation is not going anywhere near it. In fact, it has already been placed on the bottom and heads much higher – nothing has been priced in gold yet.”