Gold market finally realizes Fed is completely wrong; $2,000 now on the way

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“With all indicators pointing to inflation continuing to be problematic, the U.S. dollar index leveling off, and crude oil prices remaining high, gold prices could hit $2,000 an ounce this year,” emphasized Jim Wyckoff, Senior Market Analyst at Kitco News.

David Lin, Anchor at Kitco News discussed gold and inflation with Wyckoff.

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38 COMMENTS

  3. i have discovered the nature of money that would provoke the gold and cryptocurrencies market crash. If you buy put options on gold and with your influence make my theory on money known provoking the gold market crash you would become rich. Being everything else the same a country with no gold is wealthier than a country with gold that protects the mineral inside a vault. Being everything else the same imagine a country with a baker, a fishmonger and a singer with no gold and another with a baker, a fishmonger and a guard to protect gold inside a vault. Which one lives better? Which one is wealthier? The country with no gold is wealthier because the baker and fishmonger get entertained by the singer for their money but the country with gold have to work to pay the guard to protect a mineral that offers no wellbeing or wealth because is useless inside a vault. An analogy would be an innocent kid after saving his pocket money buys a bicycle and his father tells him that he can store the bicycle in a garage unused to sell it in the future, but the rent of the garage would cost him some of his pocket money or he can use and enjoy the bicycle. Which option would the kid choose? There is not benefit in buying to sell because no value is added. Do you understand? The gold becomes wealth when is used, sparing the cost of protection. Because gold is increasingly more expensive to dig out as there is less underground and is increasingly cheaper as there is more on offer overground there would be a point when nobody would be mining the mineral. How much cost the taxpayers to protect gold? Cryptocurrencies are a number but money is transferable debt, a number and a name.

  4. IT'S A BIG TIME TO BUY GOLD + OIL!!!!!!! ESP GOLD PRICE HAS NO OTHER OPTIONS BUT GOING UP AND UP!!!!!!!! DO THE MATH THAT IN ANYWAY GOLD + OIL PRICES ARE GOING UP AND UP BECAUSE OF THE BIGGEST CURRENCY BUBBLES = FINANCIAL ENGINEERING PROBLEMS EVER BEEN IN HUMAN HISTORY + GEOPOLITICAL CONFLICTS!!!!!!!!!! ESP GOLD PRICE IS GOING UP THE LEVEL OF 2K$ VERY VERY SOON AND IT WILL ULTIMATELY BE GOING UP TO THE RANGE OF 10K$ -15K$ IN COMING YEARS!!!!!!!!:) < – – – – – – – – NO QUESTION ABOUT IT!!!!!!!!!! EXCEPT GOLD + OIL AGAIN WHAT ELSE CAN YOU HEDGE AGAINST THE BIGGEST CURRENCY BUBBLES (+ GEOPOLITICAL CONFLICTS)?!!!!!!!!!!!!!!

  6. This whole world is going digital. Bitcoin and blockchain and the financial markets are going to digital assets. Children do not have any interest in gold. They all know Bitcoin and in fact they are buying it even in highschool.

  8. Hey, just checking in on ur goofy gold thesis seeing as how it got wrecked yet again today showing that gold is not the global safe haven asset anymore.

    I've been trying to find the video on kitco of that clown who was promoting MTA months back. Cause he's dumb af and needs to be held accountable. I truly believe anyone promoting the buying of rn is trying to pass off the bags to you.

  9. These experts have been saying this for the past 2 years. And today gold just crashed again…..! You guys should rather get someone who can give a realistic opinion, rather than people who stare in crystal balls.

  11. THE USA IS ON ITS ARSE AND STILL THE FED IS MONEY PRINTING AND BUYING FRESH AIR BONDS. THE FED AND TOP GOVERNMENT ARE SO BENT ON STEALING THE MONEY THE REAL ECONOMY IT TOTALLY BANKRUPT. WHEN WILL THE PEOPLE WAKE UP THEY ARE SLEEPWALKING INTO A SHAMBOLIC DISASTER.

  15. If interest rates creep higher, which I think they will, the best investment is not gold. I am buying TBT which is an inverse treasury ETF. It's up 8% so far this year and it will go much higher as rates rise.

  31. Only a gold salesman would promote gold. remember gold hit $2000 in 2009and it has been been a money loser for 13 years. you could have bought treasury bonds and made money during that period. not to mention sp500 or realestate. You cant ignore fact that gold doesnt generate income and no investment want to be in that vehicle. gold price need to have a big spike followed by few days of rally backed by big volume in order to convince investors of a real price appreciation. i will not buy gold until i see it break thru $2000 ceilling and stay above it for a month

  36. While government blowing large wads of cash, the investors seen fast trends in various stocks and bitcoin. The punch bowl has ceased to be filled, with the sudden stop of exponential spending. The dynamics HAVE to change. The fast stocks have been being sold off by the big boys over more than the last 6 months as the small investors have been buying on the dips. The government purchasing certain stocks to keep the market appearance as stable. Now, with spending no longer exponential, the currency appears unstable against commodities. The central banks are buying gold. FOLLOW the money!!!

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