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One gold expert is saying that gold will not go back to $1900, rather, it’ll go much higher to $3000-$4000 in the future! “When gold launches higher, they’re all going to be winners,” said Daniel Oliver, founder and managing director of Myrmikan Capital, referring to gold investors. “It’s just about the degree which one is going to win more, and which one is going to win less.

Even though the gold market is full of pessimism right now, Oliver sees the possibility of the precious metal going much higher. Oliver also says that gold’s current price just doesn’t add up. “Gold should be flying higher,” Oliver told Kitco News at this year’s Mines and Money conference in New York, “but here we are going down again.”

Gold prices are trading steadily on Monday afternoon, last at a spot price of $1,280.30/oz. “It is dire in that it seems so horrible. The whole gold community has been waiting for five years to break through $1,350,” Oliver said, “and we keep having these near-misses.”

Oliver says to just be patient, however, because gold will go higher as the boom is inevitable. “It happened in the ‘30s. It happened in the ‘70s. It started to happen between ’08 and ’11, and it’s going to happen again,” he stated.

Oliver said, “the reason why mankind has used gold as money for 4,000 years is because it is the most stable element that is valuable.” He argues it is not that gold prices are moving around but rather dollar prices, which concurrently reflect on gold, stressing that the metal is of utmost importance.

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Central banks are also becoming increasingly interest in gold. “They are snapping up the metal at the fastest rate in almost half a century in a trend that looks set to continue. Over the 12 months through March 31, they purchased a whopping 715.7 metric tons of gold bullion worth around $29.4 billion,” according to a recently published report from the industry group World Gold Council.

When central banks begin hoarding a metal, shouldn’t we follow suit? According to USA Gold, Global central banks are hedging their bets and establishing or building a line item on their balance sheet apart from the U.S. dollar and other paper currencies, detached from counter-party risk, and liquid at a moment’s notice anywhere in the world.

“Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you.” – Michael Maloney, precious metals investment expert and historian; founder and principal, GoldSilver.com, and the author of Guide To Investing in Gold & Silver: Protect Your Financial Future.

Maybe now is the time to diversify your portfolio with some gold!

Best Regards,


Daniel Ameduri
FutureMoneyTrends.com

93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.

Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!

Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!

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This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

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