Gold prices - skyrocketing!

Not only gold prices pushed to $2,800 an ounce, continuing their unstoppable rally, but they have also managed to hit new all-time highs even as bond yields remain relatively elevated.

Momentum in the gold market comes as the yield on U.S. 10-year notes has pushed back above 4% and is currently trading near a three-month high.

We are in an early phase where investors are starting to get worried about U.S. debt. People are starting to wonder if there could be more inflation and more debasement of the currency.

Despite higher bond yields, this is actually the perfect environment for gold, which is why prices have seen an unprecedented rally.

Gold is the only asset that is completely independent and a recognized safe-haven asset.

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Along with the U.S. dollar, we expect equity markets to suffer as bond yields remain elevated. In the same time gold has an edge over digital currency, as it has a proven track record as a safe-haven asset.

A rising bond yield environment is extremely negative for equity markets.

This is a dangerous market to be in, that's why investors are looking at gold as a way to diversify their portfolios.

Gold’s latest push to $2,800 an ounce puts prices up 35% so far this year. While the yellow metal has had an impressive run, the market still has unlimited upside potential.

In the current environment, with so much geopolitical and economic uncertainty, we recommend investors to hold around 20% of their net worth in physical gold, as a risk hedge.

Gold is today towards priced to perfection.

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