A Precious Metals CEO Sees Gold at $5,000 Within a Year

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Transcript

00:00It is remarkable, Randy, just to hear you talk about this, because when gold was approaching

00:04$2,000, $3,000, we were talking about that moment, about real demand destruction coming,

00:09and it hasn't happened. We're just under $4,000 right now. We'd be remiss if we didn't ask you,

00:15where could gold go? And silver, how much higher do you expect prices to move?

00:21I'm confident we'll see gold over $5,000 within the next year, over $5,000 an ounce.

00:28The question that we all have to ask ourselves is that we're measuring this in U.S. dollars,

00:33and I think that's really the issue here, is that it's the measuring stick that we're using.

00:39It's the U.S. dollar that we're all concerned about in terms of long-term strength.

00:46The debt levels, the interest payments, real rates are going to have to, the only way for the U.S. dollar

00:53to maintain any sense of value and to balance is to get to near negative or negative rates.

00:59And all of that bodes poorly for the U.S. dollar on a comparative value basis.

01:05And so that's what I think drives my optimism for the price of gold,

01:10is as long as we're measuring it in U.S. dollars,

01:13I don't have a problem seeing gold over $5,000 an ounce.

01:15And in fact, it's a trajectory that could easily put it up to $10,000 an ounce

01:19before the end of the decade.

01:22It wouldn't surprise me at all.