Ask commodity traders at Goldman Sachs and they’ll tell you to expect higher gold AND commodity prices in 2021.
In fact, they’re forecasting a 30% return in the next 12 months on their commodities index, recommending long positions not just on gold but silver, copper, oil and gas.
Talk to analysts at Bank of America Merrill Lynch and you’ll come away even more bullish.
They’re forecasting gold to hit US$3,000 by early 2022 — more than 50% up on today’s prices.
Frank Holmes, the CEO of US Global Investors, sees gold going even higher
‘It’s much easier for central banks to print money,’ he said in late 2019. ‘And as long as that takes place with no checks and controls, then it could go to US$10,000.’
$10,000 gold?
It’s not as crazy as it sounds…
Former Pentagon adviser Jim Rickards sees gold going to $14,000 before the end of this bull market. (You’ll see how he came to this figure in a second.)
Will Jim be right?
Time will tell.
