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

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Published : July 13th, 2017
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Category : Editorials

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


Recent Market Updates

- India Gold Imports Surge To 5 Year High – 220 Tons In May Alone
- “Silver’s Plunge Is Nearing Completion”
- China, Russia Alliance Deepens Against American Overstretch
- Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute
- Precious Metals Are “Best Defence” Against Bail-ins In Economic Crisis
- Buy Gold Near $1,200 “As Insurance” – UBS Wealth
- UK House Prices ‘On Brink’ Of Massive 40% Collapse
- Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016
- Pensions Timebomb In America – “National Crisis” Cometh
- London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess
- Shrinkflation – Real Inflation Much Higher Than Reported
- Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash
- Worst Crash In Our Lifetime Coming – Jim Rogers

Important Guides

For your perusal, below are our most popular guides in 2017:

Essential Guide To Storing Gold In Switzerland

Essential Guide To Storing Gold In Singapore

Essential Guide to Tax Free Gold Sovereigns (UK)

Please share our research with family, friends and colleagues who you think would benefit from being informed by it.

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Data and Statistics for these countries : China | Georgia | India | Russia | Singapore | Switzerland | All
Gold and Silver Prices for these countries : China | Georgia | India | Russia | Singapore | Switzerland | All
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Graham Summers is Chief Market Strategist for Phoenix Capital Investment Research, an independent financial research firm based in Charlottesville VA with clients in 56 countries around the world.
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