"Bank Of America" Says Gold To Soar to $3000, nearly 50% gains.
"The price of gold could jump 50% to $3000 per ounce according to Bank Of America. *
The investment bank stood by its three-month, six-month, and 12-month forecasts in a research note last week. It highlighted as factors underpinning the price: political uncertainty, recession fears, high household savings, low interest rates, an equities selloff, growth of emerging markets, moderate growth in mine output, robust central-bank purchases, and greater discussion of Modern Monetary Theory, among others.
Bank of America's analysts said they "remain optimistic" about gold going into 2021, given investors view it as a safe or "haven" asset during turbulent times and dollar decline from money printing.
-
Ask About Our Incentives For New Clients.
-
Protect from a declining dollar and government overspending.
-
More Money For Your Metals.
-
Learn Why Americans Are Using Gold and Silver To Protect Their Financial Future.
-
We Lay It All Out For You In This Step-By-Step, Information Packed Guide. GET YOURS TODAY FOR FREE ! . .
