$XAU
The Long-Term Outlook for Gold
In the long term, gold is expected to hover around $6,000 over the next ten years, while in the short term it could peak at around $15,000 to $20,000.
The reason can be summed up in one sentence: If you were a decision-maker today in China, the United States, Europe, Japan, or elsewhere, how would you deal with your country’s budget deficit growing year after year? How would you tackle the government’s massive debt? What options are there other than cutting interest rates and borrowing again to repay old debts?
$XAG
$silver
The Long-Term Outlook for Gold
In the long term, gold is expected to hover around $6,000 over the next ten years, while in the short term it could peak at around $15,000 to $20,000.
The reason can be summed up in one sentence: If you were a decision-maker today in China, the United States, Europe, Japan, or elsewhere, how would you deal with your country’s budget deficit growing year after year? How would you tackle the government’s massive debt? What options are there other than cutting interest rates and borrowing again to repay old debts?
$XAG
$silver