Deutsche Bank sees $2000 gold soon. And Citi says it could go to $2500 in six months.
In a note to clients today, Deutsche Bank commodities analyst Michael Lewis explains how investors will know when the price of gold becomes truly excessive:
The gold price would need to move above USD 1,880/oz to represent an all time high in real terms. However, versus physical and financial assets, gold prices would need to rise to much higher levels to be considered excessive
Article link ampgoldportfolio.com Sept.25