Goldman Sachs has come upward out amongst a forecast on golden in addition to other commodities that bears witness to much higher prices. Their assessment of a QE3 coming inwards 2012 leaves no uncertainty that depression involvement rates in addition to higher inflation brand the precious metals the solely wealth protection available.
For what it's worth, Goldman likes gold. "Consumers: We await golden prices to boot the bucket on to climb inwards 2011 given the electrical flow depression score of the U.S.A. existent involvement rates. Further, amongst our the U.S.A. economic science squad immediately forecasting slower the U.S.A. economical increase inwards 2011 in addition to 2012, nosotros await the U.S.A. existent involvement rates to remain lower for longer, supporting higher golden prices through 2012. Consequently, nosotros recommend near-dated consumer hedges inwards golden through 2012. Producers: With golden prices expected to boot the bucket on to climb through 2012, nosotros uncovering hedging opportunities less attractive for golden producers at this time." In other news, Goldman likewise likes Silver, Copper, Zinc, WTI in addition to Brent. In other words: QE3 is coming. - Zerohedge Seeing equally Goldman Sachs is a fellow member establishment of the Fed, nosotros variety of intend they convey an insight into the policies to come upward for the dollar.