What will the world look like in two years? For some investors, it will be a grim place where geopolitical conflict, trade wars, and perhaps inflationary monetary tools will be the norm.
If this what reality will be by 2021, then how will gold trade?
Bloomberg News, when it is spending its time not reporting on the 2020 Democratic candidates, published an interesting report: The gold options market experienced $1.75 million in block trades that bet gold prices would triple to $4,000 an ounce by June 2021.
Since gold is trading at just under $1,500 an ounce, a large number of traders are betting ($3.50 an ounce) that the yellow metal will triple in value.
Despite gold’s 14 percent surge this year, it is still about 25 percent below its all-time high of $1,923.70 in 2011.
Hey, if it does top $4,000, then you can better be prepared for “Peter Schiff Was Right” videos. He has been predicting for years that gold would hit $5,000 per ounce.
Place all your bets!
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