VIDEO — Brien Lundin: Here’s Why a Higher Gold Price is Inevitable

Lundin lays out his argument on why a higher gold price is inevitable and talks about what it takes to put on the New Orleans Investment Conference.

Brien Lundin wears many hats — he’s editor of Gold Newsletter, president and CEO of Jefferson Financial and he runs the New Orleans Investment Conference, an annual event that allows investors to further their knowledge of the trends driving US and global markets.

Speaking at this year’s conference, Lundin suggested that heading into the end of 2017 the gold price will likely perform as it did at the end of 2015 and 2016. In other words, the US Federal Reserve will hike rates in December and that will act as “a launching pad for gold going into the new year.”

In the longer term, he believes a gold price rise is inevitable. Why? “The easy answer is debt,” Lundin explained. “The debt load in the US is over $20 trillion. If it performs to past form, by the time Donald Trump gets out of office, it should be about $40 trillion — the record has shown that federal debt has doubled during every eight-year term of the president recently, so it’s growing. At this level it’s too large to be handled by tax hikes, spending cuts, growth.”

He continued, “the bottom line is there has to be some significant depreciation of the dollar, and that’s bullish for precious metals. That’s why much higher gold prices are inevitable.”

Watch the interview above for more insight from Lundin on gold and what it takes to put on the New Orleans Investment Conference. The transcript for this interview will be added shortly.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Gold Outlook Report - Late 2017!

Your free report includes:

  • 10+ Stocks to buy
  • Expert insights
  • Market forecasts
Give me my free report!  

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Is Trump Good for the Gold Price?

Find out about:

  • Expert opinions from gold mining experts
  • Political landscape for miners
  • Trump's impact on price
Give me my free report!  
Comments

Leave a Reply