Gold Could Easily Hit $2,000 with Black Swan Event (Video)
Last week, Vanessa Collette of GoldSeek.com interviewed global market strategist Dan Popescu at the Toronto Resource Investment Conference hosted by Cambridge House International. Popescu spoke about the role gold plays in the currency war that is pitting Asia and emerging markets against developed Western nations. Given the uncertainty of the US dollar’s stability, he thinks gold could easily surge beyond $2,000 before the end of the year, if an unpredictable “black swan” event should occur.
Gold is a hard currency, one that most of the central banks are buying now. Even the major developed counties, which used to sell it – now they are not selling it anymore, but they might start also buying it. And China has its own strategy, which is to use gold to give credibility to their currency.”
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