According to the Chairman of the World Gold Council (WGC) and CEO of Wheaton Precious Metals, in times of extreme geopolitical uncertainty, there is only one asset that acts as the ultimate store of value. In his opinion, financial markets have so far reacted quite calmly to the threat of nuclear war. Such a threat with the help of nuclear weapons has not been seen for several decades. Accordingly, he is surprised by the subdued market reaction.
This geopolitical situation, combined with high inflation, makes gold an important component of an investment portfolio. The target price of gold for the next six months is in the range of 1800 to 1900 dollars per ounce.