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$10,000 gold rate would mean completion of the monetary system, as we understand it.
Peter Hug, Global Trading Supervisor of Kitco Metals, talks about likely circumstances for rising cost of living, the economic situation, gold, as well as silver for 2021.
0:00 – Gold cost activity
5:37 – Financial stimulation
7:45 – Silver price outlook
12:15 – Gold rate growth in 2020
14:45 – Buy gold now?
18:00 – What $10,000 gold implies for economic situation
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Would you really want $10,000 gold? Peter Hug gives his 2021 outlook
$10,000 gold price would mean the end of the financial system, as we know it.
Peter Hug, Global Trading Director of Kitco Metals, talks about likely scenarios for inflation, the economy, gold, and silver for 2021.
0:00 - Gold price action
5:37 - Fiscal stimulus
7:45 - Silver price outlook
12:15 - Gold price growth in 2020
14:45 - Buy gold now?
18:00 - What $10,000 gold means for economy
__________________________________________________________________
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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Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
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Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
