Real Wealth #280 10/13/2010
Goldman Sachs Gold Analysts Raise 12 month Forecast to $1,650
As each day goes by my prediction of $1,400 to $1,500 Gold this year looks more and more likely. Last December when I went on several financial news networks including CNBC, Bloomberg, FOX and did the online The Street.com interview to predict $1400 to $1500 gold my prediction was met with a good bit of skepticism. Yet as the 2010 has progressed my target price for gold has looked more and more reasonable.
This morning Goldman Sachs Group Inc. raised its 12-month price target for gold to $1,650 an ounce, saying the return of quantitative easing is likely to continue to be strong catalyst for gold. The investment bank and commodities broker also raised its gold price forecast to $1,400 in three months, and to $1,525 in six months.
Goldman's economics team "expects the US Federal Reserve to announce a return to quantitative easing measures as early as the November FOMC meeting. We see this acting as a strong catalyst to carry gold prices to the higher levels that we now forecast," commodity analysts at Goldman said.
I think this latest Goldman Sachs Group Inc. only serves to demonstrate the tremendous value my Gold and Energy Advisor provides.
The rise in the price of gold is having its effect on the gold coin market. Shortages of 1 ounce American Gold Eagles and 24kt
They’re beautiful magnificent coins that are very much in demand. When you buy two or more of these coins we’ll extend your subscription to the Gold and Energy Advisor for 1 year – a $79 bonus. Purchase 10 coins or more and we’ll give you a 5 year subscription extension. Call 1-866-697-4653 highlighting and speak to one of my gold representatives at Finest Known, LLC. With the price of gold climbing so fast it is literally impossible to set a fixed price. However, I have instructed my gold representatives to work as closely as possible so as to insure you get a great price on these amazing gold coins.
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