Bank of America's strategist Michael Widmer thinks gold could hit $8,000 if investment demand rises by 55%. $RED

Here's why it could happen:
- Equity market stress could push capital into hard assets
- Bond market weakness could make yields less appealing
- Central banks are accumulating gold at a record pace
- Physical gold demand could surge as people seek protection
Gold is financial insurance, and when confidence in currencies drops, gold prices tend to skyrocket .
What do you think?
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