Gold price at $10,000 is not crazy talk says Frank Holmes

Extremely dovish monetary policies around the world and economic conditions could propel gold prices much higher, to even $10,000 over the long-term.
“I think it goes up to $10,000. I don’t think it’s going to happen in the next 12 months, but I think the supply of gold, peak gold is there. The supply of gold is not growing. GDP per capita is still strong in China and India and Southeast Asia. 60% is bought for love, and that’s a steady demand for gold,” Holmes said.
He added that we are now in a paradigm shift where the Chinese have shifted from being market takers of gold to being market makers. (show less)

Extremely dovish monetary policies around the world and economic conditions could propel gold prices much higher, to even $10,000 over the long-term.
“I think it goes up to $10,000. I don’t think it’s going to happen in the next 12 months, but I think the supply of gold, peak gold is there. The supply of gold is not growing. GDP per capita is still strong in China and India and Southeast Asia. 60% is bought for love, and that’s a steady demand for gold,” Holmes ... (read more)

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