Paul Brodsky tells King World News:
“... At $2.7 trillion in base money, our call was for $10,000 gold. As base money is now rising, from additional QE, the shadow gold price should rise to about $15,000 in roughly one year’s time.
That’s not necessarily a call. Gold could be worth much more than that, or it may never get there. That simply takes the Bretton Woods system and applies it to where gold would be trading today. As to the timing, there are some recent developments I find very interesting that may lead to an advance in precious metals prices in the near-term.
The pain of holding our ground has no doubt been intense. The good news is that we believe for the first time there are important macroeconomic signs that a fundamental shift in the global monetary ..."
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15K in a year? I don't know about that, though of course I recognize their calling it the Shadow gold price.
One thing is certain. QE is going to infinity.