Gold will climb to $1,600 over the next year – Goldman◆ Goldman 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.”
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
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.
