Monday, January 13, 2014

Where is Gold headed in 2014?

It really depends on the battle between deflation and inflation. Ultimately, I see gold much higher, as you know Lelde, I see it at $US 7,000 or $US 9,000 an ounce, possibly higher – Based on fundamentals and based on loss of confidence in the existing international monetary system.

But, if it did go lower that would be a very powerful price signal that deflation is winning the battle. There is a battle between deflation and inflation. I think ultimately inflation will win because the central banks will insist on it. But in the short run deflation could win, that could take it a bit lower.

- Source, Finance News Network: