Can Gold price Soar to $5000 even $20000 an Ounce in an Uncertain Economy? In this video, it is discussed why gold bullion price at $5,000 (equal to gold per gram price of 141747.6) and $20,000. Comparing what happened to gold prices in the last 15 years and since 1971 when the dollar was decoupled from gold. A discussion through recessions, interest rates, inflation and stagflation, central bank activity, money printing will elaborate on what is going to happen. However, there is also a twist to the story and gold prices could also fall. In this video it will be discussed why gold miners are the best gold hedge investment.
Slowdowns and precious metals
But in those recessions, which they will be, but those recessions and there will be one coming anytime soon or later. What will the Fed do, the Fed and all other banks will print more money more quantitative easing, and we'll be seeing negative interest rates.
Usually the Fed lowered interest rates by 5.5%. So minus four in that environment, gold should go even higher. Since 1999, it went up five fold. If it goes five fold up now we're at 6000. So in the next recession, gold could soar to 5000, 6000 amid the printing.
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