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There hasn't been this much excitement surrounding gold in a decade. Surging demand, record-breaking prices, and safe-haven appeal have put the yellow metal on the front page of every financial media news outlet over the past several weeks.
Major institutions like Bank of America, Goldman Sachs, and Citigroup are all predicting gold prices well over $2,000 an ounce. And there are forecasts from independent analysts going up to $15,000 an ounce.
But everyone isn't convinced the gold bull market is solid. BMO Wealth Management's chief investment strategist Yung-Yu Ma was quoted in a Business Insider article yesterday saying a coronavirus vaccine could put an end to surging gold demand. Ma told BI:
While a number of factors have converged in support of gold, the picture around year-end may show cracks… If an accelerated vaccine timeline comes to fruition, the dark cloud over the global economy would begin to lift and the demand for gold's ‘safe-haven' quality would likely weaken.
And I think that's true. A vaccine may lighten gold's safe-haven demand.
But I don't think there's much that can stop the gold bull market in its tracks now.
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Here’s how high gold could go (see below)
Gold prices are at their highest point in nearly a decade.
If you’re waiting for a good entry to invest…you might not find one.
Because I believe this could be the final gold bull market of our lifetime.
How do I know:
- Gold discoveries are down up to 90% from their highs
- Central banks are buying up gold at the fastest pace since WWII
- China, Russia and multiple other countries have increased their buying of gold by triple digit percentages
And that’s only one of FIVE catalysts to push gold…and, for you, gold stocks, to new highs.
The sky is the limit.
Today, I’ve dug up an unknown gold stock that could be rearing up to be one of the largest gold companies in the world.
The opportunity to invest in gold is now as this freight train is picking up speed.
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