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Gold Set for Best Year Since 2010

By: Decomposed in ROUND | Recommend this post (0)
Mon, 27 Aug 12 8:01 PM | 53 view(s)
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Msg. 43623 of 45651
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Gold Set for Best Year Since 2010 as Stimulus Bets Increase

By Swansy Afonso - Aug 27, 2012 7:14 AM ET
Bloomberg.com

Gold is poised to climb the most in two years as prospects for additional economic stimulus by governments from the U.S. to China stoke demand for the precious metal as a bet against inflation, a survey showed.

Bullion for immediate delivery may reach $1,800 an ounce by the year-end, extending gains this year to 15 percent, according to the median forecast in the Bloomberg survey of 15 traders and analysts at a conference in Hyderabad in South India on Aug. 25. That would be the most since a 30 percent surge in 2010, data compiled by Bloomberg show.

More: http://www.bloomberg.com/news/2012-08-27/gold-set-for-best-year-since-2010-as-stimulus-bets-stoke-demand.html

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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