Very compelling commentary on where the price of gold is going...

Excerpt: Perhaps the monetary seed that bloomed at BofA, and that has produced green intellectual shoots at State Street and BlackRock, holds the promise of a more open-minded investment establishment.  Paul Singer, founder and president of Elliott Management Corp., a different, nonconforming kind of Wall Street establishmentarian, bangs the nail on the head in “Perspectives,” his new investment comment:

"This is a perfect environment for gold to take center stage. Fanatical debasement of money by all of the world’s central banks, super-low interest rates and gold mine operation and extraction issues (to a large extent related to the pandemic) should create a fertile ground for this most basic of all money and stores of value to reach its fair value, which we believe is literally multiples of its current price. In recent months, gold has gone up in price to some degree, but we think that it is one of the most undervalued investable assets existing today...."  Paul Singer  (my bolding)

https://sprott.com/media/2687/grants-article-changing-monetary-places-may-15-2020.pdf