“Gold Prices Could Skyrocket in 2016”

Major reason to own gold in 2016

“Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.” – Michael Belkin

George Gero, a precious-metal strategist at RBC Capital Markets, said “it’s the fear of the unknowns” that is driving the demand for gold.

"The drive for gold today is purely tied to the risk type of trade," said Eli Tesfaye, senior market strategist for brokerage RJO Futures in Chicago.
"People have to move their equities out of there, have to put (money) into safer assets."

The yellow metal, which has logged losses for three consecutive years, also has investors feeling bullish. Sushil Kedia, President of the Association of Technical Market Analysts (ATMA), believes gold prices will eventually double past $2,000 an ounce.

Shanghai Shock April 2016: Yuan Based Gold Standard.

Switzerland plays a key role in the gold market because it is home to many big gold refiners, so its report confirms what we’ve been saying about gold’s move out of the West to the strong hands of the East. Swiss report showed an incredible 80 percent of gold shipments went to Asia.

If China were to partially back its yuan with gold it would require a gold price of $64,000 per ounce, 50 times gold bullion’s price today, according to a recent article from respected Bloomberg Intelligence.

  
"The desire of gold is not for gold. It is for the means of freedom and benefit." - Ralph Waldo Emerson  

“You cannot afford to wait for perfect conditions. Goal setting is often a matter of balancing timing against available resources. Opportunities are easily lost while waiting for perfect conditions.”- Gary Ryan Blair

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