Daniela Cambone, Stansberry Research speaks with author Nick Barisheff about his book “$10,000 Gold” and the path to his forecasted price. The gold price has taken a pause since its 2020 run above US$2,000 per ounce, but the author says it could move far beyond that level in the future.
"If you look over a reasonable time frame, the price of gold and the total amount of US debt are correlated, so they would go up together,” Barisheff says. Pension funds, none of which hold gold, are another key factor in the equation. He adds, “If those pension funds were even to allocate 1% to gold, then you’re going to get well beyond the US$10,000 because mine supply is going down.”
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Take my word for it... NEVER.