"I Couldn't Be More Bullish on Gold" - David Rosenberg

David Rosenberg, Chief Economist & Strategist of Rosenberg Research, is one of North America's most well known economists. As Chief Economist for Merrill Lynch, in 2005 he was one of the few economists that warned of a U.S. housing bubble and that it would pop. 

Rosenberg has consistently recommended to have gold in your portfolio and predicts gold will reach $3,000 an ounce over the next few years. 

August 2019 

(as gold broke out of a 6 year base)  

Gold is going up in every single currency. It's telling you it's a bonafide and durable bull rally. There are 2 parts to the story  . . . there's the fact that real interest rates are going down and in some cases going negative. That's hugely supportive for gold because gold has that interest correlation with interest rates. When interest rates goes down, gold goes up . . .  

You are already starting to see flows going into the gold market. Central banks, especially in Russia and in China are bolstering their gold positions. . . and real investors are starting to follow suit.

January 2020

Gold is a place you want to be. I think that it’s partly because its inversely correlated with interest rates. But it’s also an insurance policy when things go wrong.There’s no such thing as a no-brainer, but this is close.

April 2020 

Long-term I couldn't be more bullish on gold. The Fed’s accommodative posture will send the precious metal to at least $3,000 an ounce over the next few years.