Why Murenbeeld Thinks Gold Will Hit $1,335 | Kitco News

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It seems hard to find someone who is bullish on gold prices these days but this economist thinks $1,335 gold may not be far-fetched. “One of the things that tend to be overlooked…is that the real interest rate in the U.S., particularly at the short end, is going to remain negative right through 2015,” he said. “Furthermore… you will have significant additions to global liquidity and that is one of the key factors in our models and our forecast [for gold].” On this special 5-year interview with Dundee Capital Market’s Martin Murenbeeld, everything from QE4 to the U.S. dollar strength are covered. He thinks the U.S. currency is overvalued and a fiscal policy initiative should be put in place to rectify the situation. “The reason that the dollar is fundamentally overvalued is if you look at the various external accounts of the United States,” he said. “Other countries are pushing the U.S. dollar higher because they want their currencies lower. I think that’s wrong, I think the U.S. should react to that.” Tune in now to find out if he thinks another round of QE is in the cards for the U.S. economy and why he is more bullish about gold prices moving forward. Kitco News, October 16, 2014.

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