$3,000 gold price no longer target; it’s now $10,000 when Fed's assets collapse
The Federal Reserve’s balance sheet is at risk of devaluation, and should the underlying assets fail, gold will respond by “rising to a price that balances the Fed’s balance sheet,” said Dan Oliver, founder of Myrmikan Capital.
“The Fed, as you know, has been on a massive purchasing spree because of the virus situation, and so therefore the equilibrium price of gold is going up commensurately, and so the numbers now to balance that balance sheet are enormously high,” he said. “My [forecast for gold prices] has changed. I’m at $10,000 now.”
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео $3,000 gold price no longer target; it’s now $10,000 when Fed's assets collapse канала Kitco NEWS
“The Fed, as you know, has been on a massive purchasing spree because of the virus situation, and so therefore the equilibrium price of gold is going up commensurately, and so the numbers now to balance that balance sheet are enormously high,” he said. “My [forecast for gold prices] has changed. I’m at $10,000 now.”
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео $3,000 gold price no longer target; it’s now $10,000 when Fed's assets collapse канала Kitco NEWS
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
IMSA GTP (Grand Touring Prototype) Championship Watkins Glen - 1988Rickards and Schiff warn about the coming monetary collapse (Part 2/3)Watch the Latest News Headlines and Live Events — ABC News LiveExpertní tržní výhled na týden od 22. 6. 2020Keith Neumeyer CEO First Majestic (TSX: FR) Interview from 2021 Rule Resource Investors SymposiumFocus on $4,000 gold price target, airlines, ignore Fed noise – Frank HolmesI WAS WRONG ABOUT NIO And THE NIO STOCK PRICE PREDICTION UNBELIEVABLE BEST STOCKS TO BUY NOW$3,400 gold price target still intact but ‘nothing goes straight up forever’ – VanEckIncrementum: Gold Bull Market Will Last Longer Than Many ExpectHow likely is a real estate market crash? Alex KenjeevWhy Bitcoin will ‘death spiral’ to $0 and Fed Chair Powell is ‘delusional’ - Steve HankeIf you’re not long gold equities you better hurry – Auryn ResourcesIs Buying Silver (Silver Stacking) Worth it Anymore?Physical silver supply squeeze about to get worse warns Keith NeumeyerWatch Day Trading Live - June 25, NYSE & NASDAQ StocksGold price tumbles $40, will it collapse back to $1,700? Watch these warning signs - Jim WyckoffWhy I Stack Silver (& Gold)Did SELLING your GOLD and SILVER just get a lot more difficult?Should You Buy Gold at $1800?UPDATE Gold Price Analysis June 2020 | Gold Jumps to 1 Month High