Global Intergold: Gold price forecast for 2016
In order to be current in the modern world and to multiply one's finances it is essential to follow the gold news and get acquainted with the opinions of gold experts.
What is awaiting the yellow metal in 2016 and how to make use of it?
Bullish trend in the foreseeable future
Chintan Karnani, the leading market analyst of Insignia Consultants, foresees a bullish gold trend. He urges investors to be patient as gold prices will start growing from the first summer month of 2016.
Karnani thinks the price of gold will rise to minimum $1700 per ounce, as he strongly believed the Fed will not increase the interest rates in a foreseeable future, and the U.S. dollar will fall before the U.S. presidential elections.
The Bank of America Merrill Lynch experts are skeptical
The Bank of America Merill Lynch experts are not so optimistic. According to them, it would take a minimum of two years for the yellow metal to reach the level of $1500 per ounce. Nonetheless, a possible fall of bonds could be a positive factor to increase gold prices.
The opinions of the GoldCore director, Mark O'Byrne and the Gold Newsletter editor, Brien Lundin, are also based on this possible bonds crash, which would raise the appeal of gold.
The opinion of a Russian independent expert
Stepan Demura, a financial analyst and expert in stock markets, forecasts a growth of the price of gold by the end of 2016. He puts forward the argument that the possible worsening of the world economy would promote the price growth. The expert also mentioned that large investment banks may not be interested in a high gold price.
$12,500 per ounce: fantasy or the near future?
Finally, the most intriguing forecast was made by Jim Sinclair, a precious metal specialist and trader. His forecasts are considered quite precise. For instance, in 1974 he forecasted that the price of gold would reach $900, and it reached $850; in 2003 he forecasted that the gold price would reach $1650 by 2011 (in 2003 it was $350), and it reached $1570.
Sinclair's forecast for 2016: $2500 per ounce, and in the long- term, the unbelievable figure of $12,500 per ounce. The analyst bases his forecast on a possible crash of the monetary system and on his own formula.
How to make use of the situation?
All in all, it is profitable to buy gold in 2015 as more likely prices will rise by 2016. More than a million people from different countries buy the highest quality gold bars in the Global InterGold Online Gold Shop. Moreover the Online Gold Shop offers rewarding conditions for the purchase of gold, besides the opportunity to set up a stable and prosperous business.
Read more detailed information about the Online Gold Shop by the President of the company: Global iGold President's video about the qualities of gold: key to your financial welfare
