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Thursday, September 05, 2019 8:11:37 PM
»... “I think it goes up to $10,000. I don’t think it’s going to happen in the next 12 months, but I think the supply of gold, peak gold is there. The supply of gold is not growing. GDP per capita is still strong in China and India and Southeast Asia. 60% is bought for love, and that’s a steady demand for gold,” Holmes
He added that we are now in a paradigm shift where the Chinese have shifted from being market takers of gold to being market makers.
“Recognize that the gold traders are no longer in London, [who were] basically the price makers, the Chinese are [now] the price makers, they used to be the price takers, and that is a paradigm shift,” Holmes said.
Holmes said that the world doesn’t have to see war in order for gold prices to climb to those ... »
https://www.kitco.com/news/2019-09-05/World-doesn-t-need-a-war-to-see-10-000-gold-price.html
$10,000 gold price KITCO Precious Metals Summit Sept 10-13
Will KERR Mines be represented ? https://kerrmines.com/
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