Wed, Jul 23, 2014
A A A
Welcome kbr175@gmail.com
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 36088 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031