Deutsche Bank Thinks Gold Should Be Higher By $400
Date Posted: August 31, 2016
Read time: 1 min
Welcoming Frank Holmes back for another edition of Gold Game Film, Kitco News host Daniela Cambone cites a recent report from Deutsche Bank analysts that argues gold is not priced properly.
Welcoming Frank Holmes back for another edition of Gold Game Film, Kitco News host Daniela Cambone cites a recent report from Deutsche Bank analysts that argues gold is not priced properly. The bank sees the yellow metal worth $1,700 an ounce, some $400 higher than it is now, and she asks Frank’s thoughts on this analysis. Frank agrees with the bank’s reasoning, which is that there’s a correlation between gold price and the level of monetary expansion by some of the world’s biggest central banks, making gold worth more.
Frank says the $1,700 fair value price is even “conservative” compared to other famed gold analysts who have said gold is worth as much as $8,000 an ounce. For Frank’s full thoughts, tune in to the replay below!
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