Gold prices could jump 50% higher and it will come out of nowhere
(Kitco News) -Gold could rally another 50% due to the enormous amount of debt hanging around the world, this according to E.B. Tucker, Director of Metalla Royalty & Streaming.
“The amount of debt is growing tremendously, with the U.S. government’s growing by billions and billions of dollars a day. Corporations have to borrow more and more just to function. Interest rates are negative, so they’re being paid to borrow, so debt is growing really quickly. You’re probably pushing the upper limits of $300 trillion of debt at some point, so I don’t see that slowing down, and I think gold has to play catch up,” Tucker told Kitco News on the sidelines of the Denver Gold Forum.