BofA says gold to hit $3,000 Within 18 months Posted by Brian Ford on April 24, 2020
“Too Big to Fail” Bank of America shocked the financial media this week by calling for $3,000 gold within 18 months. That’s a whopping 74% increase above today’s prices. In their report titled the “Fed Can’t Print Gold” they also went on to say that gold is the “Ultimate Store of Value”.
Gold has already jumped over $200 in 2020, moving from $1,524 to $1,725. Gold expert Ken Swift says, “Gold was already primed to explode even before the full impact of the Coronavirus shutdown took effect”. Ken adds, “ The majority of economists believed we were heading into a deep recession this year and next, and opinions have changed for the worst. The smart money is now bracing for some level of depression the likes we haven’t seen since the 1930’s.
Mr. Swift’s team of researchers are calling for gold to top the Bank of America’s $3,000 per ounce prediction. Ken says, “We believe gold will double its old historic high of $1,900 and reach $4,200 per ounce in 15 months”. He adds that it’s a conservative estimate and may increase as the Federal Reserve increases its quantitative easing measures throughout 2020 and into 2021.