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Commodities Briefing - Categorized | Bullion/Gold, Investment, People, Price Watch more

James Turk still looking for $8,000 gold

Posted on 11 October 2010

From Mineweb.com: In one of several very interesting panel discussions at the World Gold Investment Congress section of Terrapinn’s World Commodities Week in London this past week, James Turk reiterated his opinion that gold could climb as high as $8,000 - based on simple mathematics.
In the 1970s, he pointed out, gold rose from $35 to $800 at its peak and he sees no reason why in the current period history shouldn’t repeat itself by taking it from around $350, as it was in 2003, to around $8,000 by perhaps 2013-2015 in the current bull run, which many observers feel is only in its mid-stages…………………………………….Full Article: Source

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