The US Federal Reserve System was founded in 1913. Since then, the US dollar has lost 99% of its purchasing power. Not coincidentally, but as a direct reflection of the dollar's loss of purchasing power, the price of gold has since risen from $ 20.67 to $

The Commodities Department of the US bank Goldman Sachs has confirmed its forecast for gold at $ 2,000 per ounce. But not all bank analysts are optimistic about the prospects for the yellow precious metal.

Kitco News recently interviewed precious metals analyst Peter Grandich, during which they discussed the situation in the financial markets.

The Fed's actions over the past year have led many to believe that much higher inflation is a foregone conclusion. This leads to another expectation of an imminent rise in gold prices. It sounds logical, but it's not that simple.