Buy Gold Now: It’s about to rocket to $2250

BUY THE DIP.

That’s the advice of Macquarie Private Wealth in respect to gold.

Gold has certainly come off quite a bit, form a high of around $1900/oz. late last summer, to around $1650/oz. now. And the improving economy and the rise in real interest rates has made a lot of people turn negative on the metal.

Macquarie advises getting in now for 5 reasons:

Sentiment towards gold has no reached “extreme pessimism” levels.
March is seasonally the weakest month for gold.
Excess slack in the US economy will prompt the Fed to say on hold until 2014, as indicated, keeping short rates low.
The extent of the long-term rate rise is over. The Fed will ease some more.
Sovereign risk is not over.
Ultimately, they see it going to $2250/oz.

Read more: http://www.businessinsider.com/macquarie-this-is-a-good-opportunity-to-buy-gold-2012-3?utm_source=twbutton&utm_medium=social&utm_campaign=moneygame#ixzz1qKrkeu1r

Advertisements
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: