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Showing results for tags 'gold future prices'.
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Hi Folks, This thread is created to discuss the expected value of gold 5 years down the line. I have got a very interesting questing on my mind so I have decided to share the same with you with the help TL. Will gold prices double five years from now ? What do you think ? Why? Shouldn't stocks be flying? Shouldn't gold be closing over $1,800...and on its way to the moon? This was on the day after the Fed announced recently the biggest program of money-printing ever undertaken by any government in history. Forty billion dollars per month. Maybe forever. Or at least until the presidential election. If it continues, that's $480 billion per year. The Federal Reserve website shows current assets of $2.8 trillion. Add nearly $500 billion per year...and it will take scarcely 5 years to double the Fed's assets, which are the foundation of America's money supply. So far, gold has tracked the increase in Fed assets. Broadly, both doubled over the last five years. Does this mean the price of gold will double five years from now?
