Today John Hathaway told King World News that “$2,000 gold will happen quickly.” The four decade veteran and prolific manager of the Tocqueville Gold Fund also believes gold will continue to surge, “I just don’t think $2,000 is a convenient stopping point.”
Hathaway went on to cover silver, but first, here is what he had to say about what is taking place in the gold market: “We’ve had a very strong move off the lows in gold. Bernanke has been saying all year long, ‘No more QE.’ What do we have? More QE, with no end in sight. I’m amazed that people are surprised by all of this. That’s the way the shares and the metals have been acting.”
John Hathaway continues:
“I think we are definitely in the liftoff phase here. Most people have been out of gold. They’ve been liquidating for the past year. Suddenly you are starting to see all kinds of high profile people discussing gold, such as hedge fund manager Ray Dalio. Ray was mentioned as being in favor of gold.
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