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Gold will shine in coming months thanks to QE3, strategists say, with Deutsche Bank predicting...

Gold will shine in coming months thanks to QE3, strategists say, with Deutsche Bank predicting $2,000 next year and BofA setting a $2,400 target price for 2014. BofA's pick includes a warning that "any abrupt spike in real interest rates that puts an end to the upcoming monetary easing cycle may drive investors out of gold and create substantial downside pressure on prices."
Comments (9)
  • spike in interest rates...can´t happen..won´t happen...because then the USA will be broke...and the ratings will go to CCC-......and its all over....and if you are just chasing returns at that time..you are an idiot
    18 Sep 2012, 03:42 PM Reply Like
  • News to BofA. A spike in real interest rates will annihilate most, if not all, asset classes. Especially given the current negative level of real interest rates.
    18 Sep 2012, 03:48 PM Reply Like
  • Gold may spike alright but it wiil be when the US makes it illegal to own. That spike will be straight down.
    18 Sep 2012, 04:46 PM Reply Like
  • lol, ya ya, sure sure, I'll tell ya, if gold starts heading to $2000.00 or above, you won't have to worry anymore because there won't be any world economy...... the whole world is on fiat money, not on gold....
    you devalue the dollar anymore, think world collapse, gold will be worth the same as lead....... you best think about that lol !!
    18 Sep 2012, 04:54 PM Reply Like
  • I thought gold was supposed to be a hedge against that. Now I can just make bullets out of my gold coins?
    18 Sep 2012, 11:59 PM Reply Like
  • Forget the Hurt Locker, we're in the ZIRP locker! It won't end well, no matter what.
    18 Sep 2012, 11:56 PM Reply Like
  • Gold should rise in an typical oscillating trend up and interest rates should not..... for the time being. Play the bounce but keep your hand on a chair for when the music stops, it will stop!
    19 Sep 2012, 12:48 AM Reply Like
  • Gold has been resetting its exchange rate versus the fiat dollar for 2 generations now. As the dollar keeps losing purchasing power all foundational resources and real monies, including gold, seem to move "up" because of the illusion of relative motion. The move is never smooth or continuous.
    Of course gold is merely preserving its purchasing power .

     

    It is the Dollar, Euro, Pound and Yen that are in fact moving down. They will keep doing so until they are extinct.

     

    All fiat currencies are transient and over its life a polity will issue multiple fiat currencies , even if the name does not change( fiat pesos are replaced by fiat new pesos).
    We are all Argentines now.
    19 Sep 2012, 05:26 AM Reply Like
  • The latest Tulip Mania Bubble is about to burst.....
    19 Sep 2012, 12:11 PM Reply Like
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