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The course towards much greater gold costs is primarily a feature of a declining UNITED STATE dollar, but the Federal Reserve is stuck in a difficult area right now, stated Dan Oliver, creator of Myrmikan Capital.
On one hand, low rate of interest are accommodative for gold, however if the Fed keeps reduced for also long, inflation will run out of control. On the other hand, if the Fed raises rates in reaction to higher rising cost of living, the monetary system may simply "blow" up, Oliver stated.
0:00 – Roadway to $10k gold
8:10 – The Fed is stuck
12:08 – Real estate market
19:11 – Devaluation
20:50 – Buck debasement
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‘$10k gold sounds crazy, but it’s easy to get to’, so why hasn’t it happened yet? Dan Oliver
The path towards much higher gold prices is primarily a function of a declining U.S. dollar, but the Federal Reserve is stuck in a hard place right now, said Dan Oliver, founder of Myrmikan Capital.
On one hand, low interest rates are accommodative for gold, but if the Fed keeps low for too long, inflation will run out of control. On the other hand, if the Fed raises rates in response to higher inflation, the financial system may just “blow” up, Oliver said.
0:00 - Road to $10k gold
8:10 - The Fed is stuck
12:08 - Real estate market
19:11 - Hyperinflation
20:50 - Dollar debasement
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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