Celebrating 10 Years of Trusted News Discovery
One News Page
> >

$10,000 Gold is Not Out of the Question

Video Credit: The Street - Duration: 08:00s - Published < > Embed
$10,000 Gold is Not Out of the Question

$10,000 Gold is Not Out of the Question

(Kitco News) - Extremely dovish monetary policies around the world and economic conditions could propel gold prices much higher, to even $10,000 over the long-term.

"I think it goes up to $10,000.

I don't think it's going to happen in the next 12 months, but I think the supply of gold, peak gold is there.

The supply of gold is not growing.

GDP per capita is still strong in China and India and Southeast Asia.

60% is bought for love, and that's a steady demand for gold," Holmes said.

He added that we are now in a paradigm shift where the Chinese have shifted from being market takers of gold to being market makers.

"Recognize that the gold traders are no longer in London, [who were] basically the price makers, the Chinese are [now] the price makers, they used to be the price takers, and that is a paradigm shift," Holmes said.

Holmes said that the world doesn't have to see war in order for gold prices to climb to those levels.

"It's just a slow debasement of currencies, art is going to do exceptionally well, and real estate," he said, adding that according to a Morgan Stanley report, the best performing asset in the last 20 years has been real estate, followed by gold.

Watch more on Kitco News NEW Jim Cramer's Bull Market Fantasy: Week 1 Matchups and Lineup Advice Premium Pick: Jim Cramer: Lululemon Is a Master at Experiential Retail TheStreet Explains: What Are Tariffs and Why Do They Move the Market?

Catch Up: Today's Top News Videos Below


You Might Like

Recent related videos from verified sources

Ticket Prices Are Ruining Football! | The Rail w/ Spencer FC [Video]Ticket Prices Are Ruining Football! | The Rail w/ Spencer FC

This week on The Rail, we look at the cost of ticket prices in English football and ask the question whether high prices are ruining our game?Spencer travels to Bradford to find out how they are..

Credit: Copa90     Duration: 10:49Published

Ask the Expert: How Investors Can Determine an Economic Trend From a Blip [Video]Ask the Expert: How Investors Can Determine an Economic Trend From a Blip

The economy is on strong footing. No, it's not. The trends are negative. That's the debate right now on the U.S. economy. Unemployment remains at a healthy 3.7%. Consumer sentiment is elevated,..

Credit: The Street     Duration: 00:37Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.