Interesting
$1500 Gold according to Merrill Lynch! https://www.gold-prices.biz/1500-gold-according-to-merrill-lynch/ As the table below shows, there is a paucity of physical gold to receive capital flows from failed safe havens. The magnitude of the upside potential is expressed rather eloquently in the proposition that the estimated float of physical gold (45,000 – 50,000 tonnes) is roughly equal to the buying that would be generated by a mere trickle of slightly more than 1% of global pension fund assets in its favor. In our view, gold trading steadily at $2500 is not unthinkable. Gold at $2500 would not be economically disruptive but result instead from disruption itself. Until trust is restored in the mechanisms and instruments of government, namely paper money and, more recently, large swaths of the financial system, we like the metal’s chances to reside comfortably in four digit territory. We believe that gold mining shares, which have provided very disappointing returns over the past six months, are due for a significant revaluation once investors view the $1000/ounce threshold as a floor rather than a ceiling
