The price of gold at the time of writing is about $1,330 per ounce. That’s a far cry from its $1,864 per ounce peak in 2011.
But everyone just missed a sign that should have this precious metal screaming past that mark. $2,000 per ounce of gold certainly isn’t out of the question. In fact, it’s becoming more and more likely every day.
However, as with any moneymaking opportunity, it’s all about the timing. So here’s when gold will hit $2,000…
Let’s start by covering the big sign that virtually everyone has missed completely. And it all comes from Janet Yellen and the Federal Reserve, of course.
Yellen apparently believes she has the right and the power to do, well, basically anything she wants as it relates to monetary policy. Here’s a quick timeline that exemplifies that exact thought:
- At the beginning of the year, when asked about the potential for the Fed to go to negative interest rates, Yellen admitted that she had not yet fully investigated the legality of doing so.
- When summer came around, Yellen said she wasn’t willing to state whether or not the Fed had legal authority to employ negative rates.
- But in June, Yellen said flatly that she had no doubt the Fed could turn to negative rates…
And therein lies the sign I was talking about – the one that flew right over the heads of the vast majority of financial experts: through her June comments, Yellen was beginning to lay the groundwork for the Fed to turn to negative interest rates.
Why would they do so?
Even after years of quantitative easing (QE), which has been considered a failure by most economists, the Fed is still staring at a low GDP and concerning economic data.
And economic conditions appear to be headed for a “things will get worse before they get better” scenario across the globe.
In an effort to boost (or keep afloat) a struggling economy in the face of a recession, expect the Fed to utilize negative rates.
And that’s when gold could shoot through the roof!
History (even very recent history) has taught us to expect a surge in gold demand on the back of negative rates, with the safety of the precious metal becoming more attractive than keeping cash in a bank with negative rates running rampant.
It’s a tsunami of cash that’s starting to build, and we’ll be standing on the beach when it reaches land and washes over us.
How much flows into YOUR bank account depends entirely on your timing AND how you decide to invest in gold.
And that’s what we’ll be doing for members of Midas Wave Alert.
