If history is any guide, we could be heading toward $4,000 gold. This according to analysis by US Global CEO Frank Holmes. Holmes recently appeared on Kitco News and showed how the price of gold has historically correlated with the expansion of the Federal Reserve’s balance sheet. We’ve already seen the balance sheet balloon by over $3 trillion in response to the coronavirus pandemic and it currently stands at over $7 trillion. Holmes said he thinks the central bank will likely grow its balance sheet to $10 trillion before all is said and done. Given the historical trends, that’s extremely bullish for gold. In the ... (full story)