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

Will gold price drop to $500?

Posted on 17 June 2013

A drop of the gold price to $ 500/ounce is highly unlikely in view of the sharply rising National Debt in the USA but also in Europe. To quote John Hathaway, manager of one of a most respected gold fund, a sharp rise of the gold price is more likely:
“With gold and silver under continued attack from the mainstream media, John Hathaway warned King World News that we are at the point where global investors will be shocked as gold is quickly repriced a jaw-dropping $1,000 higher, taking gold to new all-time highs……………………………………..Full Article: Source


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VRS - who has written 36995 posts on Opalesque Commodities Briefing.


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