For what It's worth.....(no pun intended!)
Analyst: Gold will top $1,000 an ounce
busuness week ^ | December 8, 2006 | By MARTIN GRIFFITH
Gold prices will top $1,000 an ounce in two to five years because of a currency crisis fueled by a continued devaluation of the dollar, a leading analyst and investor said.
Paul van Eeden of Toronto told Western mining interests he does not expect gold prices to fall below $400 an ounce again.
"I say with a very high level of confidence that gold prices will go to $1,000 an ounce in the next two to five years," he said Thursday at the Northwest Mining Association's annual convention in Sparks.
(Excerpt) Read more at businessweek.com ...
Analyst: Gold will top $1,000 an ounce
busuness week ^ | December 8, 2006 | By MARTIN GRIFFITH
Gold prices will top $1,000 an ounce in two to five years because of a currency crisis fueled by a continued devaluation of the dollar, a leading analyst and investor said.
Paul van Eeden of Toronto told Western mining interests he does not expect gold prices to fall below $400 an ounce again.
"I say with a very high level of confidence that gold prices will go to $1,000 an ounce in the next two to five years," he said Thursday at the Northwest Mining Association's annual convention in Sparks.
(Excerpt) Read more at businessweek.com ...
