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The run-up in gold prices since November has been dramatic, but those gains have just scratched the surface of the precious metal’s potential, according to Rick Rule, former CEO of Sprott Holdings and founder of Rule Investment Media.
“It's important to consider how far gold can go,” Rule said. “Precious metals-related investments comprise less than one half of one percent of all savings in investment asset classes in the United States. The four-decade mean market share is two percent.”
Rule told Kitco News reporter Ernest Hoffman on May 10 that the combination of negative real interest rates, quantitative easing, debt and deficits will propel gold's investment market share to the four-decade mean at a minimum. “If that's correct, demand for precious metals-related assets will increase fourfold, which is precisely what I think is going to happen.”
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