$3,000 Gold Price Forecast from Merrill Lynch/BOA

Discussion in 'Bullion Investing' started by GoldFinger1969, Apr 21, 2020.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    The problem is that the economy is changing SO MUCH and SO FAST that it pays to look at non-dividend payers and dividend growers. The reliance on the old value sectors -- Consumer Staples, Energy, Finance, etc. -- could be a "value trap."

    I thought there was a threat here that I created or posted on where I discussed financial markets and also posted research. I'll see if I can re-start that and if you guys want we can schmooze on the markets over there....:D
     
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  3. medoraman

    medoraman Supporter! Supporter

    No doubt, as well as the dominance of US versus World. I still believe a balanced portfolio of US and world, along with value and growth, is prudent. I just chafe at bad financial reporting. I find most of it to be half truths at best. No one knows the future, but at least be truthful and educate properly.
     
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  4. harrync

    harrync Active Member

    There is also an interesting article about the physical metal "shortage" at Seeking Alpha - https://seekingalpha.com/article/4334005-gap-paper-and-physical-gold-and-silver-will-close

    The problem with this good delivery bar [GDB] squeeze in gold is that the central banks have huge supplies of GDB's and may step in to stabilize the market -
    https://seekingalpha.com/article/129128-did-the-ecb-save-comex-from-gold-default

    The Hunt brothers were able to [temporarily] squeeze the silver good delivery bar market because there was no huge supply of silver GDB's anywhere.
     
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  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    SA has some good articles (and the Comments section are great). I used to write for SA.

    The problem is that many are just talking their books, especially the Gold Bugs and those bent on quasi-conspiracy stuff.

    That said, this particular piece on the "shortage" looks prettty well thought out.

    Yup.....

    Also, lack of information relative to today (no CNBC, no internet, no PC's at home, etc.).

    We now see these squeezes in tech stocks like TSLA ! :D
     
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  6. jfreakofkorn

    jfreakofkorn Active Member

    So what is happening with the gold/ silver mine(s) with this vi4us thing going on . Would nt they be closed with also having in the surge in aka inflated price(s)
     
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  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Temporary shut-ins don't affect price too much.
     
  8. GoldBug999

    GoldBug999 Active Member

    Great discussion! Thanks for the insights.

    For myself, I bought some raw gold eagles and maple leafs, as well as pre-1933 slabbed gold coins and modern gold proof sets, when gold was between about $1,200.00 and $1,500.00. I am breakeven on everything with gold at about $1,600.00. This includes some $1.00, $2.50, $5.00 and $10.00 coins that I bought for 2 to 8 times the bullion value.

    I have no plan to sell, but I'm hesitant to buy more now, except for some pre-1933 gold coins that aren't too effected by the bullion price.

    I see my collection as a hedge against inflation, and there's a lot more coming with the $trillions being created in just a few months.
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I'm not banking on inflation, my coins/bullion are insurance against anything that happens alongside $10,000 an ounce gold.

    I could give a rats ass about gold moving to $2,000 or even $2,500. Could be there in a few years if jewelry demand picks up from China and India and central bank selling abates.
     
  10. Pkfire

    Pkfire New Member

    with so much printing going on, not just Gold, but everything will go up in price.
     
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    $8 away from an 8-year high.....$1,742.
     
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  12. fretboard

    fretboard Defender of Old Coinage!

    Exactly! I agree totally, I hope all this quantitative easing don't turn our money into Zimbabwe bucks! :D Whatever the case, gold will gladly remain the King of the Mountain! I just bought this 1/4 ounce coin set off of the bay, I won it in auction $492 and change, but I'm not worried about it at all! Just delivered to me today! It's definitely one of my most expensive coin sets but that's okay, I think I'll end up okay! Guess you could say, I'm betting on it! :cigar:
    IMG_1731.JPG
     
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