Feb 9, 2023
"We are probably in the most challenging time from a geopolitical standpoint that we have seen from the end of the second World War," warns Dr. Thomas Kaplan, mining mogul and chairman of NOVAGOLD. "We are very much in uncharted waters. A reset of some kind is looming," he tells Daniela Cambone. "Even against the almighty dollar, gold has performed extremely well... We now know central banks are buyers of gold," Kaplan states. "The Fed buying gold is the equivalent of insider buying. No one knows better than they do, the fragility of all other assets," he says. "The price chart of gold is wildly bullish. If crypto is gold 2.0, it turns out that gold 1.0 is pretty great," he continues. "The United States does not really care about the value of the dollar. They do care about the world reserve status, but not enough to make the long-term sacrifices to keep," Kaplan asserts. "Gold's next equilibrium range will be between $3,000 [and] $5,000, and it will happen much fast than people think similar to how fast people adapted to crypto," he concludes.