“$10,000 gold” on Federal Reserve’s poor decisions.
“the captains of economic policy are living in a dream world In light of these considerations, investor disinterest in gold and the implied expression of trust in the sustainability of current economic arrangements bewilders us, especially when even small exposure to the metal would be the financial-asset analog of fire insurance on one’s home.”
Senior portfolio manager at Tocqueville Asset Management
“Gold has likely entered the early stages of the next bull-run. A major factor are the lingering macro risks. Making the move into gold now is more compelling than ever.”
“Over the next couple of years, we anticipate that gold will move up to $1,900”
“I predict $8,000 gold and $130 silver over the next 3 – 5 years”
The safety of investing in physical gold and silver through bullion and coin purchases, as opposed to futures contracts, is highlighted by the Commodity Futures Trading Commission’s sweeping action against three leading international banks. Germany’s Deutsche Bank, Switzerland’s UBS, and Hong Kong’s HSBC all settled charges that they engaged in efforts to manipulate the U.S. precious metals futures markets through “spoofing” schemes. Spoofing is an effort to fool traders by engaging in the illegal practice of entering large buy or sell orders View More
Treasury Secretary Steven Mnuchin’s apparent endorsement of a weaker dollar in the near term is a bullish signal for gold investors because of the precious metal’s inverse relationship with the greenback. “Obviously a weaker dollar is good for us as it relates to trade and opportunities,” Mnuchin told reporters in Davos, Switzerland at the World Economic Forum, according to Bloomberg. The currency’s short term value is “not a concern of ours at all,” he added. Mnuchin’s comments, highly unusual for a Treasury View More