Higher Gold Price Targets

07 May

Higher Gold Price Targets

Even establishment institutions are raising their gold price forecasts. Like UBS, Citi Bank, and Goldmann Sachs.

With other targets at $3,700 and $3,900, Goldman Sachs has a scenario that sees gold hitting $4,500 an ounce! This year! 

A Bloomberg Intelligence analyst sees recent price action is as the beginning of a larger move to $4,000.  

Even the old-line banks and brokers are start to realize that this is not just a cyclical bull market.  It is tectonic plates shifting in the post-World War II order.  It is the breakdown of the global financial system that we’ve been warning about.  

Goldman Sachs cites rising global uncertainty for its new higher outlook.  It also cites foreign central banks racing to gold.  They have purchased a thousand tons of gold a year for each of the last three years!

It could just as well cite Washington’s unpayable debt.

Or it could point out that the bond market is getting yippy.

One Fed governor has even revived the term “transitory” for the coming tariff inflation.  Better to have retired that word!

Nomi Prins, author and former Goldman Sachs managing director expects gold to reach $3,800–$4,000 per ounce by the turn of the year and $5,000 within two years.

If confidence in the dollar takes a hit – as we suspect is now inevitable – all of these establishment forecast will prove to be worthless.  The primary reason to cite them is to demonstrate that even establishment institutions are beginning to recognize that gold is the gold to investment in a crisis.

Gold is more than just a safe haven.  It’s the world’s time-tested way to accumulate lasting assets.

Gold is essential to your investment survival, too.  Find out why.

Speak with a knowledgeable gold and silver professional at Republic Monetary Exchange for time-tested advice on preparing for the rapidly developing breakdown of the global financial system.