Van Eck’s Foster ups gold forecast to $3400

ETF Trends/Audio interview of Van Eck’s Joe Foster/8-25-2020

USAGOLD note: ETF Trends interviews Van Eck’s Joe Foster who “recently updated his gold price target to $3,400 per ounce as gold surpassed his prior target of $2,000 per ounce earlier than expected. Factors supporting gold prices remain in place including negative real interest rates, ballooning government and corporate debt piles, and investor demand. He’s noted that the crisis we’ve lived through, like the Great Financial Crisis of 2008/09 is a deflationary event that is supportive for gold prices.”