'We don't have any competition right now' - Kai Hoffmann on gold investing
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During past precious metal run ups, gold investing was competing against rotations into cannabis or crypto, argued Soar Financial CEO Kai Hoffmann, but during this cycle the metal has the stage to itself.
On Friday Hoffmann recorded Kitco Roundtable with Kitco correspondent Paul Harris and mining audiences manager Michael McCrae. The podcast was recorded at Hoffmann's Deutsche Goldmesse show in Frankfurt, Germany.
Gold hit an all-time high last week. Silver has also been at near yearly highs.
"We actually don't have any competition right now as gold investors," said Kai Hoffmann.
"We had cannabis and Bitcoin before, but now there's no competition. I may be missing it, but I don't see it right now."
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