The value of the yellow precious metal is supported by uncertainty in financial markets and financial assistance from the state in those countries that have been hit hardest by the corona crisis. Huge amounts of unsecured money are allocated to support the economy. Central banks provide unlimited liquidity. Result: an avalanche-like increase in the debt burden and the risk of an excess of liquidity. This is the reason why Ronald Stöferle expects a significant rise in the price of gold. According to his forecast, by 2030 one ounce of this precious metal could rise to $ 4,800. It sounds incredible now. “This price can be caused by the annual growth of the gold price by 10.1%, which is not unrealistic. In the past years, we have seen that such an annual growth is quite achievable, ”the expert voiced this opinion during an interview. In the short term, the price of gold may come under pressure. But in the long term, the situation will be in favor of the gold market. “Now people have little savings. No one has any more confidence in their future, ”the expert believes. Investors are behaving with restraint, and consumption of goods has dropped significantly. Positive news on vaccines will gradually restore confidence in the economy. “The huge liquidity that has been created in recent months may end up in the consumer market. As a result of its rapid spread, inflation will begin to grow rapidly. All this will be a supporting factor for the yellow precious metal. "