Big banks making a solid case for gold
Repost from 9-30-2021
“Want big returns and have some time on your hands? Pay attention to gold. The yellow precious metal isn’t dubbed the hottest investment in town these days, but it looks attractive. The case for higher gold prices continues to get stronger. Patient long-term investors could be rewarded very well. Currently, gold trades just below $1,800 per ounce, down by about six percent in 2021 so far. This decline could be a blessing in disguise.”
USAGOLD note: Zulfiqar goes on to list the big-name banks touting gold saying it is worth paying attention to their findings because they have “massive research teams” and “massive influence over institutional investors.” That influence could turn out to be a defining factor. At moment, judging from ETF flows, institutions are out of the market, but that could change in a heartbeat.