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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


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VRS - who has written 41692 posts on Opalesque Commodities Briefing.


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