Kitco News, Released on 1/26/21

For Part 2 of this interview, CLICK HERE

Gold is a political metal, and competes with U.S. treasuries, said Luke Gromen, president of Forest for the Trees, and because of this, government authorities have historically been trying to “manage the price.” Gold has the potential to reach $6,000 an ounce but is being held back, Gromen said.

0:00 – Gold has been ‘managed’
4:14 – Gold outlook for 2021
7:06 – Monetary stimulus and gold
9:30 – Supply chain disruptions
10:51 – Bond yields
12:50 – Gold price upside
16:00 – What’s holding gold back from reaching $6,000?

Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke provides strategic consulting services for corporate executives and is the founder of The Forest For The Trees, LLC, a macro/thematic research firm catering to institutions and individuals.

  gold, investing, luke gromen