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Gold is starting a broad-based, decade-long bull market, and also it's not a matter of if costs hit all-time highs but when it strikes all-time highs, stated one of the writers behind the annual 'In Gold We Depend on' report.
In an interview with Kitco News, Ronald-Peter Stoeferle, fund supervisor at Incrementum AG, claimed that a brand-new monetary policy program of low interest rates as well as high rising cost of living is anticipated to drive gold prices to virtually $5,000 an ounce in the following one decade.
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Gold investors are going to have some fun as prices run to $5,000 this decade – Incrementum AG
Gold is embarking on a broad-based, decade-long bull market, and it’s not a matter of if prices hit all-time highs but when it hits all-time highs, said one of the authors behind the annual 'In Gold We Trust' report.
In an interview with Kitco News, Ronald-Peter Stoeferle, fund manager at Incrementum AG, said that a new monetary policy regime of low interest rates and high inflation is expected to drive gold prices to nearly $5,000 an ounce in the next 10 years.
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