expected U.S. economy in the first half of the year, are all positives for the precious metal.
Longer term Goldman’s commodity strategists think gold could fall as low as $1,200 an ounce by 2018.
Jeff Kilburg, founder & CEO of KKM Financial, thinks Goldman is right; to a point. “Every central banker globally is trying to devalue their currency so their products and exports can be sold at a better price,” he notes in the attached video. Weaker currencies mean higher prices for all commodities, especially gold, which is regarded by some as the one true currency.
Related: SPDR Gold Trust (NYSEARCA:GLD), iShares Silver Trust (NYSEARCA:SLV)