Banks on 2012 Gold Price?

By: Ian Campbell | Thu, Dec 22, 2011
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So, do you want to know what some big banks think the price of physical gold will be in 2012? Here are three views that all were expressed in yesterday's early hours: (1) Barclays Capital - U.S.$2,000 average, (2) Goldman Sachs - U.S.$1,810 average, and (3) UBS - U.S.$2,050 average.

As you know if you read these e-mails, I believe that any forecast of the physical gold price is a forecast on the world macro-economic and political condition at a given point in time. Accordingly, as I reflect on the current gold price and these three 2012 price estimates - which for all intents and purposes are broadly in the same 'ballpark' - I have reached the following views with respect to them:

The foregoing is an example, for what it is worth, of how I generally think through the things I read and listen to. You may not agree with the way I look at things, but nonetheless it may give you some 'food for thought' with respect to your own 'thought process' as you do your own reading and listening.

The article yesterday that set out the three Bank forecasts referenced in this commentary is titled '2012 Gold price to be 28% more than current levels'. The article was published on the CommodityOnline Blog - reading time 2 minutes.



Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Business Transition Simplified

Through his website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world economic and financial markets influences on those two topics. A recognized business valuation and transition authority, he founded Toronto based Campbell Valuation Partners Limited (1976). He currently is working to bring his business valuation and transition experience to both business owners and their advisors in our new economic, business and financial markets normal.

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