fintech / news / / CNBC
Wells Fargo Securities' bull case for gold calls for an eyewatering surge to $8,000.
Wells Fargo Securities projects gold could reach $8,000 an ounce by 2027.
KEY POINTS
- Ohsung Kwon identifies the current 'debasement' cycle as starting in 2022 via the M2/gold ratio.
- Four out of five modeled economic scenarios predict further debasement and gold price increases.
- Historically, gold debasement cycles average 8.5 years, and the current cycle is only 3.5 years in.
- Kwon's bear case still sees gold potentially falling to $4,000 by end of 2027.
COMPANIES
Summarized by Newsio from CNBC. How we summarize →