$11,000 Gold Ahead? | Alasdair MacLeod
Published on Oct 29, 2016
Alasdair MacLeod from Gold Money joins Silver Doctors to reveal banks are increasing their lending of money. If more money is lent, there will be more money in the system, causing price inflation. Will the Fed raise interest rates to prevent this inflation? MacLeod says the Fed is too worried about deflation to make a significant rate hike. While the U.S. dollar has shown strength against other currencies, it has been weak with respect to commodities, MacLeod points out.
When it comes to precious metals, MacLeod says gold will continue to rise to account for the expansion of the paper currency supply. Based on how much the dollar has been inflated, MacLeod calculates gold should rise to $4,000/oz – $11,000/oz. MacLeod predicts the correction in the precious metals is over. He sees gold testing its all-time highs in 2017, and silver breaking through into the $30 range.