World Bank Commodity Outlook ..... Gold to $ 923 an ounce?

It is always interesting how the financial institutions look to commodities and specially the Precious Metals.

Evey quarter of the year, the World Bank is making a report regarding their outlook on commodities.

If we should believe what they are predicting for the precious metals, we should stop accumulating them immediately. Their outlook for Gold in 2030 is $ 923 an ounce. For Silver it is $ 13.42 and Platinum $ 1.258 an ounce.

Fortunately the World Bank is not the best forecaster in the world (look at their predictions for this year with gold above $ 1.300 an ounce!), but they have a large influence on the markets. With their predictions they try to influence the markets and looking at what they are saying, it looks that the suppression of the precious metal markets will continue for the years to come.

Interesting, isn’t?

What should we do with this information?
My feeling is contrary to what they are mentioning, specially with the pressure on the present financial system. But it is interesting how the “enemy” is thinking.

So, learn about the system, make your own decision, not on what others are saying and want you to believe.

Enjoy!