"Expect precious metals prices to rise significantly over the next decade," Charles Oliver tells The Gold Report
I expect
precious metals prices to rise significantly over the next decade. A large part of it as a result of QE and other money printing programs. The U.S. did announce QE3 recently. Having said that, it hasn't started running up the printing press. A good rise in precious metals is yet to come. ...
I definitely believe the election is impacting it. The election could delay the implementation of QE3 because the Federal Reserve doesn't want to do any tampering that would be seen as influencing the election. I believe that QE3 will take place after the election this fall or early next year -- and I expect to see significant programs embarked upon.
In terms of the
gold price, I have forecast that it would hit $2,000 this year. There's still a very good chance of that, but it's more likely that it will go through $2,000 next year. Some of the trend lines on the chart indicate a $2,200
gold price sometime next year.
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