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$3,000 gold and $70 silver could come in 5 years - Michael Berry

Posted on 27 October 2010

From Mineweb.co.za: Investor, mathematician and former fund manager Michael Berry, PhD, is bullish on gold, which he expects will double or more in price in the not-too-distant future. “you could see $3,000 gold in the next five years. I think that’s very possible. I also believe it’s possible that you could see $50 to $75 silver in the next five years.”
“Having said that, I hearken back to October 2002 when we had $5 silver and we were hoping it would rise to $6. Nobody dreamt it could be $24. Similarly with gold when it was trading below $400 in 2004, nobody dreamt that it would be $1,300 or $1,400. People thought “gold bugs” were fools.”………………………………………Full Article: Source


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