Gold Prices to Keep Rising Amid Government Debt Woes

Gold prices are expected to continue rising due to growing government debt and central banks increasing their gold reserves, according to John LaForge, Chief Alternative Strategist at Ned Davis Research. He points out that gold's long-term price trend remains upward because governments' debt issues seem unlikely to be addressed soon.

LaForge highlights the unique status of gold as a bearer asset outside the global credit system, making it a safe haven during times of financial uncertainty. To benefit from this structural trend, he recommends investors allocate about 5% of their portfolio to gold, alongside other commodities and Bitcoin.