MACQUARIE: BUY GOLD NOW: It's About To Rocket To $2250


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.

These two charts underpin their argument.


Photo: Macquarie


Photo: Macquarie

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

gold moneygame-us