This was back in April - so far so good.The second-largest bank in the U.S. predicts that a global stimulus frenzy by central banks will send gold’s value 50 percent higher than its all-time record.
Bank of America raised its 18-month gold-price target to $3,000 an ounce from its previous target of $2,000 in a report titled “The Fed can’t print gold”, according to Bloomberg.
That $3,000 price prediction would represent a 50 percent increase in value from its all-time record of $1,921.17 set in September 2011.
Warming up, page-66
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