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Jeffrey Nichols anticipates eventual record high in Gold
Feb 25,2016 09:41CST
industry news
Source:SMM
Jeffrey Nichols, the managing director of American Precious Metals Advisors and senior economic adviser to Rosland Capital LLC, sees the day when gold returns to record highs.

UNITED STATES February 24 2016 9:14 PM

NEW YORK (Scrap Register): Jeffrey Nichols, the managing director of American Precious Metals Advisors and senior economic adviser to Rosland Capital LLC, sees the day when gold returns to record highs. 

Nichols expects that the U.S. and other major economies will perform poorly for several years to come with recession or near-recession business conditions forcing the Fed and other leading central banks to pursue reflationary monetary policies and low interest rates – a bullish long-term mix for gold that promises stagflation and much higher prices for gold later in the decade.

Nichols cites an increasingly supportive technical-chart picture, as well as the “massive shift” in gold holdings from Western nations to Eastern countries, plus increased interest from wealthy retail investors in the U.S. and Europe. 

“When gold sellers become gold buyers once again, the yellow metal’s price could rise to record heights as available supplies prove insufficient to fulfill demand from those that were so eager to sell in the past four years,” he added.


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