$2,000 Gold in a Negative Yield World

gold is money 2430051 640Gold could hit $2,000 in a world full of negative yields -CNBC
"In a world full of negative yielding debt, hard assets like gold could become even more attractive, and some strategists say a case could be made for a $2,000 per ounce price tag on the precious metal....'We have a long position trade on. We are targeting $1,585,' said Daniel Ghali, commodities strategist at TD Securities. 'We do think gold is on its way higher for the time being...Over the coming years as the likelihood of the unconventional policy becomes more of a reality,

I could see a case for gold at $2,000.' Gold has also been firming as the world watches protests in Hong Kong and also the uncertainty around U.S., China trade relations. TD Securities strategists believe the many years of unconventional and easy monetary policy from the world's central banks has resulted in a shortage of 'safe assets'...'Negative yields are symptomatic for the search for safe assets. The reason they're trading at negative yields is because the demand for safe assets is bigger than the supply for them,' said Ghali. 'Gold stands to benefit quite a bit from that...I would argue we are likely on the cusp of a multi-year bull market for gold.'"