Merryn Talks Money

Saxo’s ‘Outrageous’ Prediction? Gold Will Top $3,000 in 2023

Holding gold? Better load up since it may jump to $3,000 soon. Work in private equity? Maybe get out now: there could be a new tax regime on the way. As for 2% inflation? Not in this "war economy." These are among Saxo Bank’s self-described "outrageous" predictions for the year ahead, which the Danish bank says will see policymakers shift fully into defensive mode. Chief Investment Officer Steen Jakobsen joins Merryn Somerset Webb to discuss projections he says are far less outlandish than the moniker suggests. Plus, senior reporter and Money Distilled author John Stepek is back to share his own prediction for 2023 and rant about crypto.   Sign up to John's daily newsletter Money Distilled: <a data-destination="rte:bind" href="https://www.bloomberg.com/account/newsletters/uk-wealth">https://www.bloomberg.com/account/newsletters/uk-wealth</a> See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.