Gold prices to strike records above $1,600 this year: GFMS

[ozbullion]

saw this on website

Gold prices to strike records above $1,600 this year: GFMS

Sources: http://au.finance.yahoo.com/news/Gold-prices-strike-records-1-afp-3084720989.html?x=0


Record-breaking gold will likely surge past $1,600 per ounce for the first time later this year, driven by fears over high inflation and low global interest rates, consultancy GFMS forecast Wednesday.

"We would not be surprised ... to see gold break through $1,600 before the end of the year," said GFMS chairman Philip Klapwijk in the group's latest report.

 

[ozxlnc]

I feel this has just started...

Gold has a long way to go during these uncertain times...

 

[Guest]

Agreed. Gold $1600 by the end of the year is actually a very conservative estimate. Gold has made about $100 in the last week of trade alone on the most recent spike.

A further$150 increase in the last 8 months of trade seems a very safe assumption if you ask me.

 

[boston]

Personally, I believe that $1900 by the years end is not unattainable.

 

[Agauholic]

print benny print

 

[Ilikemetals]

I feel guilty liking this news, simply because as i get wealthier, people are gonna die and things are gonna be real tough for a lot of people...

 

[hiho]

get ready for a leg up tonight possibly bigger than yesterday but no more than 6%

 

[Silver Natural 9]

Go gold go!

I just had 8x 1/20 oz Year 2000 Gold Dragons arrive in SYDney customs in the last 2 days.