My long-term target for the price of gold was $6,300, based on two proprietary calculations, namely research on cycles, money supply figures, and various pricing ratios. They did not take into account QE rounds.
I guess I should revise it upward.
http://www.bloomberg.com/news/articles/2015-05-20/chinese-gold-standard-would-need-a-rate-50-times-bullion-s-price
Wednesday, May 20, 2015
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