And there were also expectations from a bank "Goldman Sachs" He raised his estimate of the price of gold within the next twelve months to $2,300 an ounce.
There was also a positive perspective from "Bank of America" He set a gold price range for the next 18 months at between $2,000 and $3,000 an ounce.
What has happened, however, is that gold prices have not achieved these objectives at all, on the contrary, instead of rising compared to the first case, the prices have dropped to 1,675 dollars, to then return to their maximum levels and record levels close to previous peak, and expectations have also been not met. "Bank of America" The gold price range was between $1,670 and $2,070 an ounce, so there was a huge divergence in the trend.
On the other hand, expectations about a currency "bitcoins" It’s also highly exaggerated and irrelevant, when we see goals at a quarter of a million dollars last year or even $1 million, predicted Cathy Wood, founder of the investment firm. "Archinvest"the price will rise to $1.3 million by 2030, even after losses suffered by cryptocurrencies due to the company’s big shock "FTP extension".
The problem here is that the time period is long, and nobody knows what will happen in terms of developments in the next few years, and therefore the speed of events and the big repercussions will cause a big change on all levels.
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Of course, these reports are supported by the positive reasons for these hikes, but for example, if we revise the previous expectations of some large US banks, where was expected “citigroupIn 2020 this one rocks the price goldthe record high it recorded at $2070 levels, reaching $2200 an ounce in the short term up to three months and as high as $2400 in a six to twelve month period.
Also, there were expectations from a bank.Goldman SachsHe raised his estimate of the price of gold within the next twelve months to $2,300 an ounce.
There was also a positive perspective fromBank of AmericaIt set a range for the price of gold over the next 18 months at $2,000 to $3,000 an ounce.
What has happened, however, is that gold prices have not achieved these objectives at all, on the contrary, instead of rising with respect to the first case, the prices have dropped to 1,675 dollars, to then return to their highs and record levels close to previous peak, and the expectations of the “Bank of America” were also not met, as the price range of gold was between $1,670 and $2,070 per ounce, so there was a significant divergence in direction.
On the other hand, Bitcoin expectations are also highly exaggerated and illogical, when we see targets at a quarter of a million dollars last year or even $1 million as predicted by Kathy Wood, founder of the investment firm” Ark Invest”. the price will rise to $1.3 million by 2030, even after the losses suffered by cryptocurrencies due to the massive FTX jolt.
The problem here is that the time period is long, and nobody knows what will happen in terms of developments in the next few years, and therefore the speed of events and the big repercussions will cause a big change on all levels.
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