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GoldSeek Radio Nugget - John Rubino: "Gold is going to $5,000."


John Rubino, comments on gold's new all-time record high, $2255+.

The former Wall Street financial analyst and author of five books, returns with his unique insights on gold and investing strategies. John penned The Money Bubble: What To Do Before It Pops and Clean Money: Picking Winners in the Green-Tech Boom.

- We review the gold and gold mining shares in real-time charts.
- Is $2,000 the new floor for gold?

There's a lot further to run down the road. Gold is going to $5,000 and then to $10,000 before this whole thing is over. So this is a nice start. And it irregularly will continue; [there are] going to be corrections and things along the road, but at the rate we're taking on new debt and inflating away the world's currencies, there's no doubt that gold is going to go much higher in de-based currency terms – in other words, in dollar terms, gold is headed nowhere but up over time.

Now the question. I think anybody who's trading in the gold market or deciding whether to buy now or wait a few months, is that it may have gotten ahead of itself a little bit right now. It could be a correction starting soon and there's also seasonality to take into account. I've been fooled so many times by strong early springs in gold, only for the whole sell in May... So this is fun. We should enjoy it but we shouldn't take this as a sign of unending things to come. They're going to be corrections and there's going to be a lot of bouncing around. But in general, nice to see it – and then the next step in this process is for the gold miners to start rising along with gold and then start to exceed gold's percentage gains and that hasn't happened yet.

But last week, there were quite a few miners who had nice pops along with gold and that's a good sign. That means people are starting to pay attention to the broad section, not just the gold price.

- Will crude oil run like gold?
- Poland is announcing military conscription - is gold soaring on geopolitical concerns?
- Is the equities market approaching a year 2000, moment?
- Might the "Everything-Bubble" lead to an unparalleled, global- economic implosion?
- Is gold's true value near $10,000?
- Silver might benefit strongly from the gold bull market, like the tortoise, winning the race.
- Silver must first eclipse $30 and then $40, then might run to $200+, 10x from current levels.
- Prepping for chaotic world events is advisable, including accumulating a pantry of storable food.

Check out John's Substack

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