According to Terk, many fundamental data speak in favor of further growth in gold prices. At the same time, the US dollar will be under pressure. “In the current and subsequent years, the value of gold will reach new records in relation to most currencies in the world. The US dollar is the last obstacle on the way to a historic record, ”the expert said.
According to Terk, in the near future, the price of gold will reach $ 1,900 per ounce. This can happen at any time. As soon as the level of $ 1820 is exceeded, further growth will go faster.
“We are currently seeing tremendous demand for physical gold. Just imagine what it will be like when one ounce costs $ 1900. Don't forget about the impending banking crisis. The hype around physical gold and silver is going to be incredible. I am fully aware of what I am saying, "- says the famous analyst of the precious metals market.
He further added the following: “The ratio of fiat currencies to physical precious metals is now greater than ever before. In other words: in the coming weeks and months, a huge amount of money will be converted into gold and silver. "