Gold News

Expert speaks of belief in $2,000 gold

While analysts and investors brace themselves for the possibility of gold prices reaching $1,000 an ounce, others have been even more ambitious in their outlooks.

The Prospectors & Developers Association of Canada convention in Toronto has seen a number of experts speak out about the potential for gold to zoom past the psychological $1,000 milestone in the longer-term.

One such figure is Brad Baker, spokesman for Rainy River Resources, who expressed his firm belief that the yellow metal will eventually hit the $2,000 an ounce mark.

"There are people who think I'm just arm-waving, but I don't think that's the case at all," he remarked, according to the Financial Post.

The case for a $2,000 gold price also appears to be supported by evidence of slowing gold mining production and the weakening dollar.

Meanwhile, John Komarnicki of Alhambra Resources also said at the event that he believed gold had "a real future", the Globe and Mail reports.

Researching your first Gold Investment today? Don't pay more than you should! Make it cheap, simple & ultra-secure at BullionVault...

BullionVault-cube-18494321-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals