31.07.2009 - Gold will hit $1,000 again
From Telegraph: Gold will revisit $1,000 as investment demand and jewellery purchases rebound and supply decreases annually, a senior World Gold Council official said. On the supply side, gold mining production has been decreasing at a rate about 4 to 5pc per year after reaching a peak production in 2001, Jason Toussaint, managing director of exchange traded gold, said today. "Even if demand stays the same, prices must go up."........Full Article: Source
Print