Country's debt also just went past $16 trillion. When little appears stable with our unit of currency, investors turn to commodities. Gold has long been a safe haven.
Obviously, with this limitless quantitative easing, the Fed additionally runs the danger of raising inflation. An attempt to maintain interest rates very low could send inflation fairly high.
Jim McTague of Barron's chatted with Scott Minerd, chief investment officer of Guggenheim Partners: In intense situations - like miscalculations concerning inflation from the Federal Reserve - the metal [gold] could hit $10,000 per troy ounce, he is saying. Thursday, after the Fed revealed its newest financial-stimulus plan, the metal rose about 2% to $1,768.
Would anybody truly be shocked by an inflation miscalculation from the Fed? Individuals are going to become investing in gold - some thing which will hold in value even once the dollar does not.
Citi's Tom Fitzpatrick equally has an incredibly bullish gold scenario available. “We see no reason why this gold trend cannot perform as well as the last bull market in gold between 1970 and 1980,” he informed reporters recently. “If you replicated that move exactly, it will take gold to $6,300.” Rare Coins, Silver Coins, Gold Coins >> http://www.silver-
Lots of analysts are anticipating gold to run high in the forthcoming months and years. Obviously, gold will not hit $10,000 overnight, but Ronald-Peter Stoeferle of Erste Group projected it could hit $8,300 as soon as spring of 2015.
Lee Quaintance and Paul Brodsky of QB Asset Management as well as Richard Russell also forecast highs of $10,000 in the not-so-distant foreseeable future. It is time to purchase gold, because as these professionals say, the run has just scarcely begun. Our own recommendation would be to buy gold and buy silver before the gold rush really becomes a stampede to precious metals like gold and silver! How High Will Silver Go? Learn More >> http://silver-