‘Gold will become the primary alternative’ to the U.S. dollar, price still headed above $6,000/oz – Gabelli’s Mancini - KITCO
Gabelli’s Mancini calling gold an alternative to the dollar and predicting $6,000 is not news to anyone who’s been paying attention. This isn't some future event; the shift away from the dollar's unchallenged dominance is already well underway. The real story isn't a price target, it's the sustained, fundamental revaluation of hard money that's been in motion for years.
Gold trading at 4806.32 oz is already a testament to this reality. Central banks have been net buyers for over a decade, quietly accumulating physical metal while the talking heads debate future price levels. This isn't just about inflation; it's about global monetary architecture evolving. Your stack isn't just appreciating in dollar terms; it's maintaining purchasing power as fiat currencies continue their race to the bottom.
Don't fixate on an arbitrary $6,000 figure. Focus on the continued de-dollarization efforts globally and sustained institutional interest. Keep an eye on the gold-silver ratio, currently 62.8:1. Silver remains deeply undervalued relative to gold, and when gold truly breaks out, silver will follow with force. Keep stacking.