Gold Keeps Rising Until Governments Tackle Debt Burdens, Says John LaForge

John LaForge, Chief Alternative Strategist at Ned Davis Research, argues that gold prices will continue climbing until governments worldwide seriously address their mounting debt loads. The peak will arrive only once that debt challenge is properly handled. LaForge dismisses the importance of exact price targets such as $8,000 or $10,000 an ounce. He points out that the current commodity supercycle is merely six or seven years old and still has substantial room to advance amid ongoing fiscal pressures. Central banks stepped up gold purchases after the 2022 Ukraine events in search of assets beyond government reach. LaForge stressed that debasement is the only realistic path for handling sovereign debt: “There’s no way to pay this thing beyond just debasing everything.” Momentum indicators show no blow-off signals, leading him to recommend a 5 % gold allocation within a 10 % alternatives portfolio.