3100 USD! Goldman Sachs raises its year-end gold price forecast and continues to recommend 'Buy'.
①Goldman Sachs has raised its forecast for gold prices at the end of 2025 from $2,890 to $3,100, due to strong demand for gold from global central banks; ②Goldman Sachs further predicts that if policy uncertainty remains high, gold prices could soar to $3,300; if central banks purchase an average of 70 tons of gold per month, gold prices could reach $3,200.
While others are greedy, I am fearful! Buffett, who is out of sync with the bull market.
In the fourth quarter of 2024, Berkshire Hathaway Inc. net sold approximately 6 billion USD in Stocks, including Bank of America and Citigroup, and purchased approximately 1 billion USD in Constellation Brands. For the entire year of 2024, Berkshire Hathaway Inc. net sold about 133 billion USD in Stocks. Analysts believe that Buffett has often been out of step with the mainstream of the market, and this time, he may once again reap rewards; moreover, Berkshire Hathaway Inc. is the company with the most Cash reserves in the USA, which provides an opportunity to deploy during a market crash.
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What does Trump's "Gold value reassessment" mean? Bank of America: QE without the name QE?
Mark Cabana, a former New York Fed employee from Bank of America, pointed out that the revaluation of Gold affects the Federal Reserve's balance sheet in a manner similar to Algo, allowing the Fed to transfer nearly $700 billion to the Treasury without the need for open market purchases.