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

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

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Safe Boxes for Dyslexics, I believe.

    Good to see you posting again!
     
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  3. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    Silent But Deadly

    Did you guys completely grow up? Haven't you retained any of your innocence, or immaturity? Like me ;)
     
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  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Yeah…. Wife has capped my safes at home to three.
     
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  5. longnine009

    longnine009 Darwin has to eat too. Supporter

    IMO, If the Straight of Hormuz gets shut down for any length of time gold might knock that iguana off his perch:
     

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  6. pmbug

    pmbug Taking steps on my thousand mile journey

    I personally thought this was pretty funny:
    https://www.kitco.com/news/2023-11-...et-to-2-050-as-the-metal-s-shine-returns.html

    Those guys are supposed to be really smart. Gold might *start* 2024 higher than their end of year target.
     
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Nobody can predict gold's price in the short-term.

    Focus on longer-term fundamentals, like the consumption of gold over decades I posted for India.

    Eventually, an MS-65 common Saint will set a new ATH exceeding $4,000.
     
  8. johnmilton

    johnmilton Well-Known Member

    In a way good news for people who have gold. I have quite a bit, but it's almost all numismatic gold that sells for a lot more than melt. That might be "the wrong stuff." I do have a lot of most modern commemorative U.S.gold coins, which are worth around melt, and the gold eagles as type coins.

    In another way, it's not good news. Higher gold prices usually reflect people think we are headed for rough economic waters.
     
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  9. rte

    rte Well-Known Member

    More choices to take a person more time to get in.
    Keep them guessing.
    If you bolt them all together you don't have to bolt them to the wall or floor.
     
  10. longnine009

    longnine009 Darwin has to eat too. Supporter

    If someone had lots and lots of money it would be fun to put your safes inside a nice big labyrinth.
    Add cameras and speakers and you can guide them out after the police are in place to greet them.

    For added fun one could add fake safes with the doors ajar and nothing inside except a plastic Flying Fickle Finger of Fate. :p
     
    Last edited: Nov 30, 2023
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  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    A motion sensor that is tripped and sets off flashing red lights and a loud alarm works wonders. :D
     
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  12. longnine009

    longnine009 Darwin has to eat too. Supporter

    No doubt, but no one is getting out of a labyrinth (at least not in a timely manner) without the map.
    Of course this a fantasy project.
     
    Last edited: Nov 30, 2023
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  13. -jeffB

    -jeffB Greshams LEO Supporter

    And while you're waiting on the police, those speakers could play minotaur noises.
     
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  14. rte

    rte Well-Known Member

    That would scare my cat.
    I'm working on a motion sensor for video as someone would enter the room... maybe a two way communication, you could patch them into the police department to see how much of a head start they would have if they left immediately.
    Something that would fill the room with smoke screen would be entertaining.
     
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  15. longnine009

    longnine009 Darwin has to eat too. Supporter

    followed by some Moody Blues excerpts: "...breath deep the gathering gloom..."
     
    Last edited: Dec 1, 2023
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Gold Intraday 12-01-23 @ 2 PM.jpg New intraday ATH.....$2,096 !! :D

    Let's see where we close.
     
    Last edited: Dec 1, 2023
  17. -jeffB

    -jeffB Greshams LEO Supporter

    Holy crap! Even after it's fallen back to $2071, that still puts pre-1933 gold melt at over 100x FV.
     
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  18. rte

    rte Well-Known Member

    Are those Canadian dollars.
    I'm seeing 2071/US
     
  19. pmbug

    pmbug Taking steps on my thousand mile journey

  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    That's the February COMEX contract, probably a bit higher than spot but what the pros focus on.
     
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Central Bank Gold Binge Is Even Bigger Than Previously Thought
    • World Gold Council raises its estimate for purchases
    • Expansion of bullion reserves has underpinned prices this year

    Central Bank Gold Buying, 2021-23 Qtrly.jpg
     
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