Gold hitting $3,000 isn’t just a perception, it’s a “monetary technology”, and will happen in the end said Dan Oliver, founding father of Myrmikan Capital.
Oliver stated that the Federal Reserve has printed sufficient cash to purpose over-potential in our economy and create a bubble that’s ready to burst.
“When the bubble is going on human beings don’t want gold.
You don’t want gold when the market goes up, when all your investments are paying off. You need it when the alternative occurs, and so gold always does badly during a bubble…gold does not guard you in a credit inflation, it protects you within the crash,” Oliver told Kitco News at the sidelines of the 121 Mining Investment Conference