Gold hitting $3,000 isn’t just a belief, it’s a “monetary science”, happen sooner or later said Dan Oliver, founder of Myrmikan Capital. Oliver said that the Federal Reserve has printed enough money to in our economy and create a bubble that’s ready to burst.
“When the bubble is happening people don’t need gold. You don’t when the market is going when all your investments are . You need it when the opposite happens, and so gold always during a bubble…gold does not protect you in inflation, it protects you in the crash,” Oliver told Kitco News on the the 121 Mining Investment Conference.