Video – “Gold Should Probably Be $5000” – CME Chairman

Video - "Gold Should Probably Be $5000" - CME Chairman Duffy

- Fed has caused “frustration” and “confusion” in market place
- "If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce"
- "If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce"
- "Lot of us are so jaded about what is going on in the world, it is like yesterday's newspaper in five minutes"
- "One day you will not be able to dismiss them and you will see a huge move in the precious metals"
- Gold "coins are probably of more value than anything else" - CME President Duffy on Bloomberg in 2013

Watch CME Chairman Duffy on markets and gold on Fox Business

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Gold Prices (LBMA AM)

13 Jul: USD 1,221.40, GBP 944.51 & EUR 1,071.05 per ounce
12 Jul: USD 1,219.40, GBP 947.60 & EUR 1,064.29 per ounce
11 Jul: USD 1,211.90, GBP 938.98 & EUR 1,063.68 per ounce
10 Jul: USD 1,207.55, GBP 938.63 & EUR 1,060.11 per ounce
07 Jul: USD 1,220.40, GBP 944.47 & EUR 1,068.95 per ounce
06 Jul: USD 1,224.30, GBP 946.14 & EUR 1,077.51 per ounce
05 Jul: USD 1,221.90, GBP 945.87 & EUR 1,078.45 per ounce

Silver Prices (LBMA)

13 Jul: USD 15.95, GBP 12.34 & EUR 14.00 per ounce
12 Jul: USD 15.83, GBP 12.31 & EUR 13.82 per ounce
11 Jul: USD 15.51, GBP 12.02 & EUR 13.61 per ounce
10 Jul: USD 15.22, GBP 11.82 & EUR 13.36 per ounce
07 Jul: USD 15.84, GBP 12.29 & EUR 13.88 per ounce
06 Jul: USD 16.01, GBP 12.36 & EUR 14.09 per ounce
05 Jul: USD 15.95, GBP 12.36 & EUR 14.09 per ounce

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