'Gold mania is approaching'

Anyone hesitating about gold investment should purchase now before the price hits four digits again.

This is according to Jeff Clark, editor of Big Gold - an investment advice publication by Casey Research - who said that a number of factors are likely to support gold prices in the long term.

Mr Clark said that central banks could become net buyers of bullion, which may lead to gold's supply and demand fundamentals becoming tighter.

He added that demand in all categories is up, but that rising costs are threatening marginal operations and large new deposits are simply not being discovered.

Mr Clark cited Vietnam as an example of an economy where problems have sent the public fleeing into gold investment and said that he believes this will soon happen in the western world.

"Gold Mania is nigh. In fact, our research shows this is the last summer you will be able to buy gold for three figures. Will you feel like you bought enough gold when it's selling for $2,000 an ounce?," he commented.

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