Gold prices will hit record high in next 18 months as global bond yields crash
By GCRU Gold News on Tuesday, July 5 2016, 01:10 - Permalink
Gold prices may hit all-time highs in the next 18 months amid low to negative global bond yields, said a fund manager on Monday, joining a chorus of bullish calls on the safe haven commodity.
The continued cratering of bond yields has also blunted the advantage fixed income instruments held over their shiny counterpart.
"This fall-off in trust is resulting in people looking at different ways to invest, particularly in an environment when the government controls the whole fixed income market, which is negative. At least (in gold), you don't have negative yields, there is no new supply...and falling production,"