Monday, January 18, 2021

Tag: The Fed Can’t Print Gold

The Fed Can’t Print Gold

by Peter Schiff, Schiff Gold:

The mainstream just went super-bullish on gold.

Bank of America raised its 18-month price target to $3,000 per ounce in a report titled, “The Fed Can’t Print Gold.”

BoA was already pretty bullish on the yellow metal, forecasting a record $2,000 per ounce within the next year-and-a-half.  According to a report released by the bank upping that projection, the vast amount of fiscal and monetary stimulus unleashed by central banks globally will likely drive gold higher. The report said, “financial repression is back on an extraordinary scale.”