Have a look at the yearly Gold Forecast based on Bloomberg:
Highest forecast for 2024: 2,260, Median: 2,050 Highest forecast for 2025: 2,220, Median: 2,050 Highest forecast for 2026: 2,280, Median: 1,887 Highest forecast for 2027: 2,350, Median: 1,807 Consensus doesn't look optimistic at all on gold. We are far from bubble territory. Is the bull market just starting? Source: Ronnie Stoeferle
Just In: Gold rising to new all-time highs above $2,400 per ounce
for the first time in history.
What is it this time?
Source: www.zerohedge.com
Bitcoin’s inflation rate will become lower than gold’s post-halving
Source: Bitcoin Magazine
Central bank purchases, mainly by China have been quoted as the main reason for recent gold rally.
Gold makes out only 4.3% of china’s reserves, there is still large room for further purchases. Source: Michel A.Arouet
Nice chart by BofA showing central bank gold purchases from 2020-2023
Thru Ronnie Stoeferle
As shown by Meb Faber, holding 40% gold instead of US treasuries within your 60-40 portfolio would have delivered similar results as the 'traditional' 60-40 portfolio...
Going forward, with US Treasuries expected to be a poor diversifier due to supply overhang and sticky inflation, gold might prove to be even more useful within multi-assets portfolios.
Costco is selling a lot of Gold
Source: Nostra, House of Gold, CNBC
