Is gold going to $1,000?
Answers
3963 points
MNSL answered 10 months ago …
Different people have different opinions..
Pl see following lins:
http://uk.biz.yahoo.com/08012009/323/update-1-hsbc-ups-2009-2010-gold-fore casts-haven-buying.html
HSBC raised its 2009 gold forecast to $825 an ounce from $800, and its 2010 price view to $775 from $725, but left its long-term forecast at $700.
http://uk.reuters.com/article/marketsNewsUS/idUKLL45819820090121
US. bank Morgan Stanley (MS.N: Quote, Profile, Research) raised its 2009 gold price forecast to $900 an ounce from $750 previously, and its 2010 price view to $1,000 from $825
UBS (UBSN.VX: Quote, Profile, Research) said it now sees gold at $900 an ounce in one month, against a previous forecast for $800, and at $850 an ounce in three months, also against $800.
2222 points
readytoretire answered 10 months ago …
If you listen to the gold bugs, it is not stopping there. One of the biggest bugs was complaining last summer about how gold should be 10 times the price of oil, as that had been the average. Now, his argument is that it should be higher (at almost 25 times oil) due to the fear in the economy. So I believe it will go to 1000, but not soon as long as there is no major political/terrorist event. If the fear in the market can die down, gold may be in for some serious drop, as long as inflation stays low.
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