Goldman Sachs Commodities and Research team recommends commodities across the board. They are calling for a conservative jump in gold to $1,690 an ounce. This jump would represent a 20% increase from the current $1,400 an ounce. If you bought during the January retraction in price you would realize almost 30% for the year.
These estimates are coming from the same Goldman Sachs that is not recommending gold long-term for its big money private clientele. So who is right? Decide for yourself. Goldman Sachs is calling for a 20% increase in gold with the international turmoil, foreign demand for physical gold & the devaluing of the U.S. Dollar wouldn’t a 20% increase in your tangible asset portfolio be the best gain of the year? Check out more from Cullen Roche, Pragmatic Capitalism