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We are combating a third world war against the pandemic, an extraordinary event, and also monetary plan feedback is readied to drive gold costs to levels never seen before, this according to Frank Holmes, Chief Executive Officer of UNITED STATE Global Investors.
" We still have negative genuine interest rates and that bodes extremely well for gold, so I believe gold can be easily $2,700 like palladium was in 2015. It can be $5,000. I do not recognize when the cash publishing quits, yet it could be $10,000 to get the worldwide economic climate back and also functioning," Holmes stated.
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Gold price tracking – could be $10k before we win “WW3” says Frank Holmes
We are fighting a third world war against the pandemic, an unprecedented event, and monetary policy response is set to drive gold prices to levels never seen before, this according to Frank Holmes, CEO of U.S. Global Investors.
“We still have negative real interest rates and that bodes extremely well for gold, so I think gold can be easily $2,700 like palladium was last year. It can be $5,000. I don’t know when the money printing stops, but it could be $10,000 to get the global economy back and functioning,” Holmes said.
__________________________________________________________________
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