Gerald Celente – Audio Interview On Gold And The Fed
from King World News Trend Forecast: For investors interested in gold, the great criticism from the financial world has long been that gold yields no interest. But now, with interest rates among developed nations in negative or near-low territory, holding cash yields nothing. Thus, that argument for owning gold no longer holds. As trend forecasters (we do not provide financial advice), we maintain the negative interest-rate scheme that has become the new abnormal ultimately will not revive sagging economies but will instead further devalue related currencies. Thus, we remain bullish on gold as a safe-haven asset in a climate of currency and market turmoil. And we maintain our forecast that gold must remain steadily above $1,200 to reach its next breakout point, $1,400. Once stabilized above $1,400, we project a $2,000 range.