AUG 24, 2016
On gold, Celente says, “Why would I want cheap money that is being devalued and backed by nothing? The way we see it is if the Fed raises rates at all, it will be after the election. Go back to last December. The Fed said they would raise rates four times in 2016. Here it is in the third quarter, and the Fed has not raised rates once . . . The world cannot take more expensive money. You can only keep Ponzi alive with cheap dough. That’s why we think gold is going to spike when it goes well over $1,400 (per ounce). We believe it’s going to spike to $2,000 per ounce, and it’s going to be a quick hit up. Nothing goes straight up, of course. When you adjust gold for inflation, gold never hit the peak that it hit when it hit $850 in 1980.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Gerald Celente, Publisher of The Trends Journal.