Had I had been influenced by too much doom and gloom videos? But then what had been said are backed by figures and logical deductions and therefore very appealing and believable.
Inflation is key to gold price. Inflation will likely become evident in the coming few months.
If FED raise interest rate, stock market, bond, real estate (all these assets are in bubble state because of low interest rate) will tank: money will rush to gold being the only asset that is currently unloved as the ONLY asset to park the money.
If inflation is rampant, money will continue to flow to physical asset like real estate or even stock market or gold. However knowing what is the eventual cure for inflation i.e. rate hike, both real estate and stock market are unrealistic. What is left is gold as the ONLY viable and safe asset.
So the equation is: Inflation = High gold price!
Enjoy.
Cheers.
DCN Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
