Previous post Next post

Gold $1600 In 2020 as Case for Diversifying into Gold ‘as Strong as Ever’ – Goldman

 

Gold will climb to $1,600 over the next year – GoldmanGoldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand.

Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc.

◆ “We still see upside in gold as late cycle concerns and heightened political uncertainty will likely support investment demand” for bullion as a defensive asset.

◆ “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever.”

Full article via Bloomberg here

Gold $1600 In 2020 as Case for Diversifying into Gold ‘as Strong as Ever’ – Goldman

.

Global ‘Gold Rush’ Beginning As Investors and Central Banks Buy, Repatriate and Move Gold

◆ Gold is flowing to strong hands in safer forms of gold ownership, in safer jurisdictions
◆ Gold and silver bullion coins and bars owned by GoldCore’s clients have been moved from Hong Kong to Singapore
◆ Central bank and institutional gold rush is beginning as prudent money diversifies fx reserves by buying gold & repatriates their gold from London and New York
◆ Central banks are repatriating gold and buying gold as never before due to macroeconomic, geopolitical, systemic and monetary risks

 

Full story here
Mark O'Byrne
I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
Previous post See more for 6a.) GoldCore Next post
Tags: ,

Permanent link to this article: https://snbchf.com/2019/12/obyrne-gold-1600-2020-diversifying-gold-strong-goldman/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.