Wednesday , 25 December 2024

Search Results for: interest rates

Goldman’s $1,050 Gold Forecast is Nothing But a Stink Bid – Here Are 2 Reasons Why

Goldman Sachs' 2014 forecast that gold will drop $1,050 by the end of the year (based on the “powerhouse” U.S. economy picking up speed and accelerating growth) would make perfect sense to someone who recently had had a frontal lobotomy or to the 95-99% group of Americans who believe everything coming from the Boob Tube.Why? Because Goldman has more skin in the game to delude Americans of the value of gold - for throwing the paper price of gold under the bus - and below are 2 such reasons for doing so:

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10 Myths That Suggest Gold Supposedly Has a Bright Future (+2K Views)

...Hype, fear and outdated monetary theories simply aren't enough to support the price of gold. Every finance and economics text book teaches that gold is basically an inflation hedge, and without inflation gold is simply a useless piece of yellow metal. Either the gold bugs are right or the Fed is right, and my money is on the Fed.

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