Gold Price Should Probably Be $5000 – CME Chairman Duffy

– Fed has caused “frustration” and “confusion” in market place
– “If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce”
– “If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce”
– “Lot of us are so jaded about what is going on in the world, it is like yesterday’s newspaper in five minutes”
– “One day you will not be able to dismiss them and you will see a huge move in the precious metals”
– Gold “coins are probably of more value than anything else” – CME President Duffy on Bloomberg in 2013

Watch CME Chairman Duffy on markets and gold on Fox Business

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