Gold Price Prediction: Will Go Up To $4000 | The Start Of Gold’s Bull Run To $4000


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Inflation is out of control. It has been for a while.

Frank Holmes, CEO and CIO of U.S. Global Investors, and executive chairman of Hive Blockchain Technologies, said that it’s time to get into assets that will be inflation proof.

We would like to add that it has to be perpetually inflation proof because inflation will not go away. For as long as we are using our fiat currency, inflation won’t go anwyere.

There are many assets that weather inflation. Real estate is one. But there is only one asset that not only survives inflation, it goes the complete opposite direction, gold.

So when Holmes said he predicts the price of gold to move to $4000 in the next 3 years, it isn’t surprising.

It is, in fact, overdue.

For an asset with such limited supply and high demand, it hasn’t really moved much in the recent years. A correction is inevitable.

Unlike other assets that correct lower, Gold will correct higher because it is much more valuable than its price tag.

Holmes, whose firm manages more than $4 billion in assets under management, added that if inflation was calculated by traditional methods, it would be up 12%.

Yes, 12%. Way above the 2.5% the Fed continues to make us believe.
Not that I am surprised. The U.S. government and the Federal Reserve is trying to talk down inflation because the economic recovery is still fragile.

Investors, consumers, and business owners’ confidence is also fragile. One pinch on their confidence and they are out.

So, the government and the Fed lie about inflation.

Using the inflation and economic stats provided by the government is probably not the best way to go about designing your portfolio.

Things are much more complicated than that.

I strongly suggest you consult a financial planner but when it comes to gold and other precious metals, call us.
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