30.04.2013 - Banking giant predicts gold price collapse
ABN Amro, the Dutch state-owned banking giant, recently revised its global macro and gold outlook, forecasting a $1,300 gold price by the end of this year. Moreover, the bank forecasts $1,000 gold by December 2014, and $800 gold in 2015. Why? β€œThe authorities β€” especially in Europe β€” have acted to reduce systemic risks and inflation is going down rather than up. . . Other assets will become increasingly more attractive as the growth outlook improves.”..............................................Full Article: Source
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