Tuesday, November 13, 2012

$2000 Gold Forcast IN 2013...

"If demand continues to rise, which we think it will through China buying more gold, more investment demand for gold, (and) central banks continuing buying more gold rather than selling as they used to, I feel quite comfortable predicting that gold prices will within the next year be at $2,000, perhaps higher," Barrick Gold CEO Sokalsky said Monday 

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=161818&sn=Detail

 

On January 1st 2013 Gold goes from a Tier 3 Asset to a Tier 1 Asset which means Banks can hold twice as much gold than they could before and they can loan more to borrowers. 

http://www.mining.com/gold-to-rise-on-becoming-tier-1-banking-asset-84907/

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