Crisis Builds-Buy Gold by Greg Hunter |
Published on Feb 14, 2017
Feb 14, 2017
Top Trends researcher Gerald Celente says that Trump is inheriting
a U.S. and global economy that is bullish for gold prices.
Celente explains, “The debt crisis continues to build. The
people are in an uproar about getting their pensions robbed
from them. There are more taxes on them to give the money
to the banks that did the dirty deals.
Look beyond the United States, and we do not give financial
advice, gold is the ultimate safe haven asset in a time of
economic turmoil and geopolitical instability. . . . Our forecast
for gold, and let’s say the price is $1,240 per ounce, the
downside is another $100 to $150 per ounce.
It cost more than that to pull it out of the ground. So,
it’s not going to go much lower than that ($1,240) . . . .
That’s no downside risk. Here’s our forecast on the upside.
Gold has to break above $1,400 per ounce and solidify over
that price, somewhere in the $1,440 to 1,480 range. Once it
solidifies in that range, we are saying it’s going to spike
to over $2,000 per ounce. That’s our forecast, and we have
been saying that for the better part of a year and a half.”