Video – ‘Gold Should Probably Be $5000’ – CME Chairman

Jon Economy

Video – ‘Gold Should Probably Be $5000’ – CME Chairman Duffy
– Fed has caused ‘frustration’ and ‘confusion’ in market place
– ‘If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce’
– ‘If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce’
– ‘Lot of us are so jaded about what is going on in the world, it is like yesterday’s newspaper in five minutes’
– ‘One day you will not be able to dismiss them and you will see a huge move in the precious metals’
– Gold ‘coins are probably of more value than anything else’ – CME President Duffy on Bloomberg in 2013

This post was published at Gold Core on July 13, 2017.