Goldman Sachs says that it now expects gold to reach £1,752 ($2,300) by end of year as a result of the weakening US dollar, rising inflation and soaring government debt.

Analysts revised up their previous expectation considerably yesterday (Tuesday) in their latest briefing note. They had forecast £1,522 ($2,000) but see that price being surpassed.

It said, “This relentless decline in real interest rates against nominal rates bounded by the US Fed has caused inflation breakevens to rise in an environment that would ordinarily be viewed as deflationary. Ironically, the greater the deflationary concerns that policymakers must fight today, the greater the debt build up and the higher the inflationary risks are in the future.

When discussing the drivers of investment demand for gold, it is important to distinguish between debasement and inflation. The key is that the current debasement and debt accumulation sows the seeds for future inflationary risks despite inflationary risks remaining low today.”

Buy now to capitalise on this record expectation.

Disclosure
This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as offer to invest and should not be construed financial advice.

Fees: There are no fees for using this website or service.

Contact us: If you have any questions regarding our website or would like more information please get in touch with us via:
Tel: 0203 695 3400
Web: www.thegoldsafe.co.uk
Email: admin@thegoldsafe.co.uk

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on: