Gold Is Going Higher And Here’s Why You Need More Of It (Video)
Gold Is Going Higher And Here’s Why You Need More Of It Video – KitCo
TDC Note – The scum that lives on the pond scum is going to ed-u-ma-kate us on gold. But, he will not educate us on the rigged market that he operates.
A long time neutral voice in the gold industry has turned noticeably bullish. Jeff Christian, managing director for New York based research consultancy CPM Group says gold is headed much higher in the next three years. “We thought gold would find a bottom in 2015 and that by 2020 we could see gold set a new record gold price in nominal terms, above $1,700 an ounce.” Christian adds that his firm conducted extensive research around the ideal gold allocation in today’s world. Since the early 1980s, most portfolio managers allocated a 5-10% holding in gold. This model, Christian says, had not been updated in years. “Given everything that is happening, in terms of risk reward, it is now 27-30%.”