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<p>[QUOTE="kaparthy, post: 4428989, member: 57463"]Well, it is all over the WWW:</p><p><br /></p><p>Kitco (of course): <a href="https://www.kitco.com/news/2020-04-21/Bank-of-America-calling-for-3-000-gold-in-18-months.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.kitco.com/news/2020-04-21/Bank-of-America-calling-for-3-000-gold-in-18-months.html" rel="nofollow">https://www.kitco.com/news/2020-04-21/Bank-of-America-calling-for-3-000-gold-in-18-months.html</a></p><p>Bloomberg: <a href="https://www.bloomberg.com/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.bloomberg.com/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold" rel="nofollow">https://www.bloomberg.com/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold</a></p><p>Yahoo Finance</p><p><a href="https://finance.yahoo.com/news/price-gold-fundamental-daily-forecast-104047053.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://finance.yahoo.com/news/price-gold-fundamental-daily-forecast-104047053.html" rel="nofollow">https://finance.yahoo.com/news/price-gold-fundamental-daily-forecast-104047053.html</a></p><p>Business Insider</p><p><a href="https://markets.businessinsider.com/news/stocks/gold-price-target-record-central-bank-stimulus-bank-america-double-2020-4-1029113912" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://markets.businessinsider.com/news/stocks/gold-price-target-record-central-bank-stimulus-bank-america-double-2020-4-1029113912" rel="nofollow">https://markets.businessinsider.com/news/stocks/gold-price-target-record-central-bank-stimulus-bank-america-double-2020-4-1029113912</a></p><p><br /></p><p>So, is it news? Is it push? </p><p>And if you read the details, $3000 is their 18-month ceiling forecast. I would not wait 17 months to buy, but you have a few days.</p><p><br /></p><p>For myself, I am looking at the price level. As all prices rise, so will wages, which are, after all, just another price. In fact, depending on who you are in the markets you work, you could push your wages up ahead of the curve.</p><p><br /></p><p>Forget wheelbarrows of paper money. It's all electronic. </p><p><br /></p><p>A thousand years ago, Bill Bradford of Liberty Coin asked me to consider a "time machine" challenge. If you could go back, say, to 1916 and get a roll of 1916-D dimes and hold on to them, how long would have to hold them to make any money on them? 50 years? 60? 70? But if you could make 1% a day for 60 years, you could not calculate the return (10^95, actually). Buy and hold is a losing strategy. You make money by trading.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 4428989, member: 57463"]Well, it is all over the WWW: Kitco (of course): [URL]https://www.kitco.com/news/2020-04-21/Bank-of-America-calling-for-3-000-gold-in-18-months.html[/URL] Bloomberg: [URL]https://www.bloomberg.com/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold[/URL] Yahoo Finance [URL]https://finance.yahoo.com/news/price-gold-fundamental-daily-forecast-104047053.html[/URL] Business Insider [URL]https://markets.businessinsider.com/news/stocks/gold-price-target-record-central-bank-stimulus-bank-america-double-2020-4-1029113912[/URL] So, is it news? Is it push? And if you read the details, $3000 is their 18-month ceiling forecast. I would not wait 17 months to buy, but you have a few days. For myself, I am looking at the price level. As all prices rise, so will wages, which are, after all, just another price. In fact, depending on who you are in the markets you work, you could push your wages up ahead of the curve. Forget wheelbarrows of paper money. It's all electronic. A thousand years ago, Bill Bradford of Liberty Coin asked me to consider a "time machine" challenge. If you could go back, say, to 1916 and get a roll of 1916-D dimes and hold on to them, how long would have to hold them to make any money on them? 50 years? 60? 70? But if you could make 1% a day for 60 years, you could not calculate the return (10^95, actually). Buy and hold is a losing strategy. You make money by trading.[/QUOTE]
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