We’re in a PERFECT STORM for gold prices edging higher, financial editor tells Boom Bust
Sean Hyman of the Logical Investor offers his insight on how the markets are faring amid hopes of the major stimulus.
“I think we are in the perfect storm in the favor of gold and precious metals. In fact, I’m even more bullish on silver and platinum than even gold,” he says.
According to Hyman, “there are all kinds of reasons why gold and metals should prosper.” He points to the upcoming stimulus and Yellen saying “go big,” as well as the US’ high debt, low interest rates, a falling dollar, and an overvalued bubble-like stock market.
Hyman says that a $2,500 gold price is “easily obtainable” in the near term, and maybe even $3,000.
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