Gold Seems to be a Matter of When
Free-Market News Network, Corp.
Date: August 13, 2007
Ambrose Evans-Pritchard, International Business Editor of the UK's The Telegraph, predicts gold will exceed $2,000 per ounce, stating:
"Gold will fly once investors can see that neither of the two reserve currency pillars (euro and dollar) is on a sound foundation, and once the pair are engaged in a beggar-thy-neighbor devaluation contest to stave off a slump...
"We are not there yet. Timing is not my forté, but 2008 looks ripe...
Could gold reach a price of $5,000 the ounce by 2010? Citing the tendency of the Dow Jones and Gold to occasionally trade at a ratio of 2:1,McEwen Capital Insite Publication says:
...We believe this ratio will once again be 2:1. If this is correct and the Dow stays relatively flat, we could experience a gold ratio price of US$5,500 per ounce."
The above information has been redacted from the article as it originally appeared on FreeMarketNews.com on August 13, 2007.
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