Gold News

Gold Prices headed for $2,000, says expert

Gold Prices could reach as high as $2,000 per ounce, an expert has claimed.

John Brynjolfsson, chief investment officer at Armored Wolf, the US-based investment management firm, believes that Gold Prices could reach such a level if the economy maintains a degree of instability, according to Reuters.

He adds that Gold Investment is not only attractive because of its money-making capacity, but because it offers the buyer a safe haven from financial crises.

Mr Brynjolfsson told the news provider: "Gold is a crisis hedge ... we want to make sure we are positioned for gold trending toward $2,000 an ounce.

"There is vulnerability in the global market ... in the sovereign sectors ranging from Greece to the US and Japan."

The attractiveness of Investing in Gold is supported by Mark Robinson, a Dubai-based bullion analyst, who believes that gold is the most investible of all commodities.

He said: "Gold is now the best investment asset among the commodities class. So naturally, it is correct to say that gold is the leader that is driving the commodities super cycle," according to Commodity Online.

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