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Monday, January 10, 2011

Gold to Reach $2,000 in The Next 2-3 Years; Long-term Bull Market

Joseph Foster, a portfolio manager at Van Eck Associates in New York, talks about the potential impact of the Federal Reserve's quantitative easing on the gold market. Foster, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the outlook for gold stocks and investment strategy.

$2000. U.S. dollars per ounce over the next two to three years? That wouldn't even be keeping up with inflation. , heck with 1980 inflation adjustment, gold should already be at $2400 an ounce!Gold is still cheap! Gold eventually will go to $5000 an ounce! The money to be made in gold already happened. The ones who bought it at $500/oz. I see gold and silver going much higher. The world has caught on to the fiat money system, and currency wars will continue till all the paper becomes worthless. The world is seeing massive strikes, revolts, bankruptcies, foreclosures, and debt. It's only a matter of time. Of course this is just my speculation. Gold is going up. Crime is going up. Money circulating in the economy is going up.  Cost of living is going up. Number of people getting mad is going up.

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