16.09.2011 - Gold could hit $2500/oz next year as debt crisis deepens, says Sprott
The gold price could reach as high as $2 500/oz next year, and Europe’s debt woes are now “too big to handle”, Sprott Asset Management CEO Eric Sprott said on Thursday. “I’m sure it will go through $2 000/oz in a year, maybe it get’s to $2 500,” he told Mining Weekly Online. Asked for his view on where bullion might be headed longer-term, Sprott said this depended on monetary policies governments adopted..............................................Full Article: Source
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