Sat, Jan 31, 2015
A A A
Welcome preal121
RSS

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

Gold could fall back to $800/oz in ten years: Ric Deverell, Credit Suisse

Posted on 28 September 2012

I do not think that gold is actually a physical market at the moment. The main driver for gold at the moment is financial demand and that is that a lot of people are very concerned about the global financial system, a lot of people are very concerned about fiat currencies.
Gold prices are very very substantially above the long run average and my guess is that if you are looking five and certainly ten years out, they will move back towards that average. So whereas at the moment we have got gold prices sort of $1750, my guess is that in 10 years’ time, it will be more like $800………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031