UBS Says Gold Could Double From Here

Gold and the longer term view

UBS's Alex Lim with some longer term thoughts on gold: " An investor with a 2-3 years view could expect to see gold potentially double from here to more than $4,000. The take profit signal is when real rates turn negative and when there is a full blown recession. Today with real rate still high and a recession seemingly faraway, it is too early to call the end of the ongoing gold rally. Gold breakout is an ominous signal of things to come, in today’s context, it is not difficult to imagine a range of geopolitical risk scenarios."