(Kitco News) - According to one acclaimed author and economist, a perfect storm is brewing in financial markets that will lead to a multi-year bull run for gold.
Monday, in a commentary in the Financial Times, Diego Parrilla, precious metals specialist and co-author of “The Energy World is Flat,” said he is bullish on the yellow metal as the limits are being tested in global monetary policy, credit markets and the boundaries of fiat currencies.
“Quantitative easing and negative interest rates have been game changers and have dramatically distorted the valuation of government bonds, breaking the theoretical ceiling in prices, squeezing shorts and underweight positions, and feeding what, in my view, is one of the largest financial bubbles in history,” he said in the commentary.