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Goldman Sachs Raises Their 12-Month Forecast to $2,300 Gold and $30 Silver

Posted by 1st American Reserve on
Goldman Sachs Raises Their 12-Month Forecast to $2,300 Gold and $30 Silver
Goldman Sachs recently upgraded their 12-month forecast for gold by 15%, from $2,000 to $2,300, and they pushed their silver forecast up 36%, from an already-outdated $22 to $30 per ounce.
 “Combined with a record level of debt accumulation by the U.S. government, real concerns around the longevity of the U.S. dollar as a reserve currency have started to emerge,” Goldman analysts said. “If central banks can just digitally create money out of thin air, then it could easily undermine the fiat money system, potentially devaluing currencies or worse. Gold would look very attractive in that scenario.”

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