GREY:VITFF - Post by User
Comment by
fasttrack5on Dec 27, 2017 6:35pm
156 Views
Post# 27234338
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sun Valley
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sun ValleyPretty sure we will see a buy out b4 April.
Gold outlook 2018: Key factors and price predictions
The year has been full of political turmoil, with investors turning to safe-haven assets on escalating geopolitical tensions. But what will happen to the gold price in 2018?
In the longer term, Lundin believes a gold price rise is inevitable. Why? “The easy answer is debt,” he explained. “The debt load in the US is over $20 trillion. If it performs to past form, by the time Donald Trump gets out of office, it should be about $40 trillion — the record has shown that federal debt has doubled during every eight-year term of the president recently, so it’s growing. At this level it’s too large to be handled by tax hikes, spending cuts, growth.”
Similarly, David Morgan of the Morgan Report said debt remains a major issue that could impact precious metals going forward. “I think 2018 is when [the debt bomb] is going to be noticed — maybe out of the corner of your eye kind of thing — and then it’s going to become more and more apparent as we march through 2018,” he said.