MacroVoices #370 Adam Rozencwajg: Energy, Gold, Copper & Uranium
Macro Voices
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The Power of the Gold Bull Market
In 1999, Forbes magazine said that gold could hit 2500 bucks. If it if gold becomes a preferred asset class, like it has several times in the past, gold can well be over $20,000 an ounce. I think ultimately this is going to get completely out of hand. It's going to overshoot what it ought to be at. And I think it'll probably be somewhere between $10,000 and $15,000 by the end of the cycle.
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