Gold could easily be headed to $4,000 in the next three years, creating big upside for investors.
All as investors flock to the safe havens of gold, given the Federal Reserve’s balance sheet expansion, and understated inflation.
“It’s quite easy to see gold going to $4,000,” Frank Holmes, CEO at U.S. Global Investors. “We’ve not seen this level where central banks are printing money at a zero interest rate. At zero interest rates, gold becomes a very, very attractive asset class.” (Source 1)
Elliott Management’s Paul Singer still says gold is “one of the most undervalued” assets available and that its fair value is “multiples of its current price.” Even Warren Buffett’s Berkshire Hathaway jumped into gold. (Source 3)
At the moment, the price of gold is back up to $1,955.45 and has been climbing rapidly – again.