Two prominent fund managers recently explained to MSN Money why they expect gold will reach $1,500 or higher. In an April 4, 2008 article, Frank Holmes, who manages the second-best-performing gold fund this year, forecast gold to reach $1,500 to $2,000 an ounce "in the next leg up." Thomas Winmill, who manages the one of the best performing metals mutual funds, believes gold could see $1,500 in the next 12 to 18 months. The fund managers identified five factors which will drive gold prices higher: (1) the declining value of the dollar; (2) more inflation in the future; (3) investors will seek greater safety in gold; (4) higher oil prices; and (5) gold should follow other commodities.

Bulliondesk analyst William Adams told attendees of the Silver 20:20 conference on Thursday, April 3, 2008, that silver will likely exceed $25 per ounce in 2008. "$25 seems likely and we could see $30, but much will depend on how the problems in the US financial markets unfold and their impact on the dollar," said Mr. Adams. "The market swung into surplus in 2003 and has remained in one since. Investment buying has taken up the slack ... But investors are going to have to keep buying to absorb slower demand and the increase in supply," he added.

The chief executive officer at U.S. Global Investors, a company which manages a variety of mutual funds, forecast that gold will hit $2,000 an ounce. Mr. Frank Holmes, speaking in a MarketWatch radio interview, said that investors should not be surprised by $2,000 gold although the move will not be in a straight line and he anticipates corrections in the gold and oil markets along the way. Mr. Holmes pointed to rising oil prices and a weakening dollar as positive market factors for gold especially because gold is "not at astronomical levels yet, when compared to other commodities ... There's a lot more room."

Several precious metals analysts are forecasting new record gold prices in 2008 according to a March 6, 2008 article from Reuters entitled, "When Gold Breaks Above $1,000, Then What?". "We could see gold spike this year and hit $1,500," said Jay Taylor, who produces a gold and technology investor newsletter. The chief executive of Euro Pacific Capital echoes this forecast stating: "Gold has a shot at $1,200 or even $1,500 this year and ultimately will go a lot higher...." Peter Spina, who runs a gold investor web site, said: "It's mostly institutional investors now, but we are seeing more enthusiasm and $1,500-$2,000 gold in the next 12 months is definitely possible...."

In a March 3, 2008 article entitled "Gold Beats Financial Assets as Investors Seek Haven," Bloomberg reported that "Gold, silver, platinum and palladium may be the best-performing financial assets this year as inflation and slowing growth erode the value of the world's major currencies, bonds and stocks." "Gold, platinum and palladium may gain at least 24 percent this year as Federal Reserve Chairman Ben S. Bernanke prioritizes cutting interest rates over controlling consumer prices...." according to one trader who stated gold may rise to $1,300 per ounce by the end of 2008. An analyst at Credit Suisse Standard Securities stated silver could rise to $25 per ounce sometime in 2008.