- Gold will rally 80% over the next 18 months as central bank stimulus and economic turmoil drives record interest, Bank of America forecast in a Monday note.
- Monetary authorities are spending trillions of dollars to keep economies above water. The widespread spending will place incredible pressure on currencies, the bank's analysts said, in turn pushing investors to gold and its scarcity.
- There's still plenty of room for investors to pile into the metal, the bank added. Positioning "has been surprisingly weak" even after gold's late March rally, and a massive influx of capital will send prices soaring through the year.
That's all according to Bank of America.
Meanwhile paper gold is trading just south of 1700.
Real Gold at apmex or Kitco, or JM, or everywhere is just south of 1900.
Even though positioning has been "Surprisingly weak."
Of course, most people are distracted. Most people are confused. Most people are hopeful this will all just go away soon. After all the Government is telling them it will, every single day on television. Predicting light at the end of the tunnel. Predicting V shaped recoveries. Predicting amazing pent up Demand.
When it doesn't happen most people will start to understand the Government has been lying to them.
And then most people will start to think about how to protect themselves.
For many that will include getting a little gold.
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