Today Nomi Prins, who has given keynote speeches to the World Bank, IMF, Federal Reserve, and many other prominent institutions, told King World News the price of gold may double in 2024 because of a perfect storm in the gold market.
Expect A Monster Year For Gold
January 20 (King World News) – Nomi Prins: “As the Fed has to do more QE to stave off a bank crisis when this March 11 deadline shows up, as rates are cut towards the second half of the year, it’s going to take some shine off the dollar. What is that going to do? It’s going to put the shine into gold because, Eric, we’ve seen gold appreciate in each of the elections by quite a lot. For example, at the end of 2008, it was an election year and it was also a Financial Crisis year. The dollar dropped by 10%, gold went up.
But between 2009-2011, gold doubled in price. That’s when the Fed started its second round of QE. Gold doubled from $1,000 to $2,000. That was based on QE post-election, dollar going down, etc. We saw a little bit of that happen post the 2016 election. Dollar went down by 10%, gold rallied 50% from 2018-2020. Also because the Fed grew its book with another massive round of QE. And so we’ve seen these periods where gold has rallied 50% or even doubled following an election, the dollar declining, and the Fed having to initiate massive QE. We have all of that in our setup right now. If these things come into play between now and the end of the year into the election, we could see the price of gold…to continue listening to one of Nomi Prins’s greatest audio interviews ever CLICK HERE OR ON THE IMAGE BELOW.
Also Just Released!
To listen to Alasdair Macleod discuss the big surprise in the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.
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