Billionaire Thomas Kaplan predicts new highs for gold as it reclaims $5K

Billionaire investor Thomas Kaplan maintains a strong bullish outlook on gold and silver, asserting that the recent historic price plunge in late January was a short-term event within a long-term structural uptrend. Following gold's peak near $5,600 and subsequent drop to $4,400, the metal has recovered above $5,000. Kaplan attributes the volatility to normal market behavior and believes mounting global debt, currency debasement, and skepticism toward fiat currencies strengthen the case for precious metals. He views gold as a crucial non-liability asset and warns that central banks might consolidate reserves, further increasing gold's scarcity and value during crises. Kaplan confirmed he has remained invested since the 2008 financial crisis, emphasizing patience as the rally unfolds over years.

(Source：Crypto Briefing)