"This is the decade of inflation. The Fed will stop raising rates and maybe even begin to lower them, but something else is going to happen that will kick off another spiral in inflationary psychology"
"This is a replay of the 1970s with some changes. After the Fed started to aggressively raise rates starting in 1973, gold prices corrected by 45%. When the Fed finally gave up a few years later, inflation on a year-over-year basis was still at 5%," Goehring noted.
"Back to the 1970s, when people saw that inflation was still a big problem, that's when the gold price began to go crazy after bottoming at the end of 1976. That's why this next move is going to be so exciting. There's no overhead resistance. I don't know how high gold can go."
"One of the big underlying fundamental changes taking place this year is gold-backed ETFs beginning a new accumulation phase," Goehring stated. "It also shocked everyone how strong the central bank gold buying is. That is going to continue."
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