Gold Bullion Bars
Friday, October 12, 2012
$3,000 and $5,000 Gold," Bank of America say
As gold prices hit a 2012 record of $1,787.40 per ounce a week ago, Bank of America Merrill Lynch analysts said the precious metal could soar to $3,000 or even $5,000 over the longer-term. "We will be focusing in on gold. Ultimately we think gold can trade between $3,000 and $5,000 an ounce going forward," MacNeil Curry, head of foreign-exchange and rates technical strategy at BAML, told CNBC's "Worldwide Exchange." "Certainly not within the next few months, but on a long-term basis we are on a welldefined uptrend, and we have got more to run before that runs its course." Sabine Schels, senior director and head of fundamental commodity research at BAML, added: "The best long story for commodity markets right now is gold. In the type of aggressive monetary policy easing environment we have right now, post what the Fed has done with an open-ended QE, and what the ECB has done, you really want to be invested in gold." Richard W. Davey Organization provides consulting services to private wealth managers and financial institutions needing the ability to purchase physical precious metals as they would a stock or bond through their existing order entry platform. Each order is bid out to 14 institutional dealers to provide clients with the best price execution. Finally, each fully allocated bar is insured by Lloyds of London and verified by a Big 4 accounting firm coupled with ongoing customer support.
More information can be found online at http://www.goldbullionadvisors.com
Posted by Richard Davey at 10:59 AM
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▼ 2012 (108) • ► November (11)
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Richard Davey Consultants to the banking industry to supply gold bullion http://www.goldbullionadvisors.com View my complete profile
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