| From Mineweb.co.za: GoldMoney CEO, James Turk says surging physical demand for the metals is pushing them into backwardation and should see gold hitting $2,000 per ounce this year. After a record breaking run during the course of 2010 and, indeed, the last 10 years, gold took a breather in January.
Part of the reason for the decline was a movement out of gold by investors in Europe and the US who had bought the metal as protection against further declines in the health of the global economic system..............................................Full Article: Source
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