Gold will hit $2,500 in 2023 as inflation 'eats away' at wealth – Deven Soni, Matador Gold
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Watch Kitco NEWS Video: Gold will hit $2,500 in 2023 as inflation 'eats away' at wealth – Deven Soni, Matador Gold.
Deven Soni, CEO of Matador Gold Technologies, spoke with Kitco News journalist Ernest Hoffman at the recent PDAC 2023 mining convention in Toronto, where he said that the lack of regulation is keeping the precious metals investor community from getting into gold on the blockchain, but retail investors will move into gold once the reality of high inflation and weak equities sets in. He also spoke about which countries are likely to explore gold-backed CBDCs, and where he sees gold prices in 2023.
Follow Matador Gold on Twitter: @buymatador (https://twitter.com/buymatador)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
The Matador Network: https://www.matador.network/
0:00 - Blockchain, gold, and Matador
2:37 - Trust in gold
6:37 - Gold price
7:50 - Central bank gold purchases
8:50 - Gold-backed CBDCs
13:32 - Crypto
15:30 - De-dollarization
#gold #blockchain #inflation
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