"You've got a president, you've got a Fed that is inflating the economy; inflation is going to be one of the ancillary effects of everything that's being done right now," Bull and Bear Partners CEO Jack Bouroudjian tells CNBC in a Nov. 8 interview.
"Look at gold over the course of the last four years. It went up 100% under President Obama. I think that is the canary in the coal mine and more indicative of what we're going to see happen not only in commodities but also in stocks. ... I think gold could be twice where it's at right now. I'm looking at $3,000-$3,500 within three to four years time. And a lot of that is going to be because we've got a Federal Reserve -- well, think about it: You've got a Fed that is already out there. The Federal Reserve has now become QE infinity. It's Buzz Lightyear from 'Toy Story.' So until we get a Fed that is going to rein it in, you have got to be thinking that you've got to be long gold, precious metals, grains, commodities, basically across the board."
"Look at gold over the course of the last four years. It went up 100% under President Obama. I think that is the canary in the coal mine and more indicative of what we're going to see happen not only in commodities but also in stocks. ... I think gold could be twice where it's at right now. I'm looking at $3,000-$3,500 within three to four years time. And a lot of that is going to be because we've got a Federal Reserve -- well, think about it: You've got a Fed that is already out there. The Federal Reserve has now become QE infinity. It's Buzz Lightyear from 'Toy Story.' So until we get a Fed that is going to rein it in, you have got to be thinking that you've got to be long gold, precious metals, grains, commodities, basically across the board."
More information can be found online at http://www.goldbullionadvisors.com
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