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Capital Economics: Gold Going to $1,600 in 2011

goingbrokegoingbroke Posts: 1,410
in Precious Metals
Capital Economics is out with a bullish note on old yeller, saying they now forecast that the metal goes to $1,600 by the end of next year and 2,000 by the end of 2012. Gold is currently trading around $1,385:

We are also increasingly concerned that the longstanding fiscal problems in Japan will finally come to a head in the next year or two
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Comments

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    there's something weird about the chart. how gold has been moving up despite CPI numbers (which many here know are misleading at best but it's what is trumpeted)
  • jmski52jmski52 Posts: 22,939 ✭✭✭✭✭
    $1,600 gold next year wouldn't surprise me.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • pmcollectourpmcollectour Posts: 1,211 ✭
    Just wondering if gold will ever be measured by grams on worldwide exchanges instead of ounces.
    Let's say gold hits that 2,100.00 per ounce level. Will they start showing $70/gram on kitco ? I doubt it, but
    it would be funny to see "gold shares split".
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