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Podcast: Money Life with Chuck Jaffe
Episode: IDX's McMillan eyes $10K gold prices and higher long-term inflation
Description: Ben McMillan, chief investment officer at IDX Advisors, says that "gold's run is not over," and while he thinks it could easily reach $5,000 an ounce in the short order, he says "It's not inconceivable that within the next half-decade, gold could be sitting at $10,000 an ounce." (Gold is currently trading at roughly $4,225 an ounce.) He also says he expects the Federal Reserve to reach a point in the next 12 to 24 months where it lives "with a new normal of inflation" and resets its target inflation rate to reflect different thinking, which will mean consumers and investors have to adjust to...