Investing pro touts his own long-term physical gold, silver bullion ...

Gold "can get over $2,000 pretty easily," Gil Morales of MoKa Investors tells Fox Business

"For now we're riding this trend and our price objective near-term for gold is $1,780, although I think longer-term you can get over $2,000 pretty easily," Gil Morales tells Fox Business in a Sept. 7 interview. "And for silver, $42, although longer-term I'm setting a $58 price target. And those are big price targets, I know, but right now the trend is intact."

The MoKa Investors trader also details his long-term play: physical gold bullion:

"I own gold and silver bullion from the time that gold was trading around $300 in the early 2000s, and I still own that, so I'm a long-term player there. But the thing is, we'll stay with a trend as long as it's intact, so right now we're operating on the basis that as long as gold holds above $1,646 and as long as silver holds above $30.39, we're gonna stay with those until we see some sort of topping action. ... The underlying condition is that central banks are printing money and they're going to continue to print money."

Asked about his own bullion hoard, Morales says: "Coins and bars. I personally have preferred [Austrian] Philharmonics, Canadian Mounties, and of course the good old U.S. coins as well, the gold Eagles."

Watch Video

Source: http://www.blanchardonline.com/investing-news-blog/econ.php?article=4823

indianapolis colts joseph kony joseph kony ipad 3 release date apple store down apple live blog ohio primary