Commodity Trade Mantra

Posts Tagged ‘Wealth Protection’

Gold Prices Likely to Stay Elevated on Safe Haven Demand

According to the Bloomberg Intelligence team, the Fed could be “one and done” in 2017 when it comes to rate hikes. Gold’s top forecaster for the last quarter, Intesa Sanpaola SpA, says that the metal’s price could hit $1,350 by year end, citing faster inflation and geopolitical tensions. “Gold will likely stay elevated given safe haven demand,” Barnabas Gan, economist at OCBC, said.

Are You Prepared for the Hyperinflation Shock? Get on the Gold Wagon Now!

The problem is that no one is prepared for the coming shock. All of this printing will result in global hyperinflation of at least similar proportions to the Weimar republic or Zimbabwe. The final decline of the currencies will be reflected in the gold and silver prices. Gold at $1,330 and silver at $19 is a bargain, but with hyperinflation, we could add quite a few zeros to their prices.

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