The Federal Reserve’s decision to execute a third round of quantitative easing (QE) already has helped gold reach a six-month high, and the best is yet to come, says Jeff Kilburg, head of Killir Kapital Management.

“I’m all about the $2,000 [an ounce] price target,” he tells Yahoo. And it will be all the doing of the Fed to get there, Kilburg says.

The central bank pledged last week to make $40 billion of mortgage securities purchases a month and said it plans to keep interest rates near zero until at least mid-2015.

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“Game on, we’re going to continue to see gold shine higher,” Kilburg says. “We have this unlimited pledge by Big Ben – QE Infinity.” He’s referring to Fed Chairman Ben Bernanke.

Global central bank buying also will help gold rise, Kilburg says. He notes that central bank purchases hit a 40-year high in the third quarter of 2011.

Gold will likely hover around current levels until the elections, Kilburg says. After that, the precious metal has to break $1,934, a double top set last August/September, he says.

And then it’s off to the races.

Deutsche Bank analysts Daniel Brebner and Xiao Fu read additional significance into the central bank gold holdings.

“We see gold as an officially recognized form of money for one primary reason: it is widely held by most of the world’s larger central banks as a component of reserves,” they write in a report obtained by Business Insider.

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