29 September 2012 0 Comments

Gold – More – Going to $2000?

There seems to be some reasons to think that price of Gold rises as world economies weaken.

$2,000 Gold Will Soon Kickstart Mining Shares: Michael Fowler  Saturday, 18 August 2012  Zig Lambo of The Gold Report

“Gold essentially reacts to monetary liquidity and to the concept of depreciating currencies around the world. Looking at gold in terms of euros or some of the other currencies, it’s done quite well. It just hasn’t performed in terms of U.S. dollars. The thing that I see on the horizon is potentially a weakness in the U.S. dollar. This could come about from the U.S. having to raise its debt ceiling, or it could have something to do with the Federal Reserve coming up with Quantitative Easing 3, which could happen in the short term and probably within the next six months.” READ MORE $2,000 Gold Right Side News 18 August 2012 Zig Lambro

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