John Hathaway: Gold’s nuclear winter has ended
USAGOLD note: Hathaway runs through a list of factors likely to affect the price of gold – dollar depreciation, deficit spending and government debt, economic underperformance, low interest rates, etc. He reference’s a 30% decline in the dollar as very bullish for gold. He touches on a subject we have visited often: the net effect of institutional money moving into gold. (He says even a 1% move of $100 trillion in assets under management into gold could translate to a gold price five times its current level.
Repost from 11-16-2020