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Skol

32,985 Posts.

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24/09/20

15:05

Post #: 47602728
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Originally posted by stakx: ↑

The Federal Reserve needs to hold gold and keep it at a decent level otherwise their 3 year plan will turn to dust. I would think POG will not fall under $1750/oz over the next 3 years. I would think POG will likely range $2100 - $1750 for some substantial time as the FED is trying to minimise inflation to <2% and not get any deflation.
Many US banks were expecting $2100/oz in 2021. Let's see how that plays out.

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Educate yourself.

The Federal Reserve doesn't own one single ounce of gold.

Last edited by Skol: 24/09/20
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0 Great analysis

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