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Gold to Resume Rally in Late 2012
Economists around the world believe gold prices will rally towards the end of 2012 and into 2013. Jeffrey Nichols of American Precious Metals Advisors, believes the next leg up will be in 2013 when gold hits $2,000 before continuing to $3,000. All the economists interviewed in this video believe ratings downgrades, further quantitative easing, lower interest rates and heightened demand from China will trigger the rally.
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Re: Gold to Resume Rally in late 2012
Weaking economies, lower interest rates ( not good for gold prices ) and the higher money supply has only partially replaced lower asset values. Gold bulls never stopped being bullish when gold hit $850 in 1982 all the way down to $250 in 2000. History is repeating itself. Even if gold was to go higher there are much better places to put your money into to get better capital appreciation.