“Panic Spike” to Lead to $2,000 Gold This Year?

Gold could reach $2,000 per ounce later this year amid a “panic spike,” according to Clifford Bennett, chief economist at Empire Economics in Australia.

"Panic Spike" to lead to $2,000 Gold this year? In an interview with the Australian Associated Press, Bennett said that “There is risk in the second half of the year of a bit of a panic spike, if you like, as everyone thinks there isn’t enough to go around and starts to hoard…That’s when you’ll really see gold take off towards $US2,000 an ounce.”

Over the next 18 months, Bennett forecasted that the price of gold could hit $2,200 per ounce, and eventually take out its inflation-adjusted all-time record high of $2,300 per ounce.

Bennett cited rising investment demand around the world for the yellow metal as a key reason for his bullish outlook, predicting that “India and China will continue to stockpile gold.”

He went on to say that ”Gold has certainly come back as a respected reserve form of wealth…There’s been some US buying on the back of fears of European sovereign debt, but I don’t think that market is long yet.”


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Malaysia Gold Investment

I found Gold Investment in Malaysia is a vary good tools to make profit when the market is down. I also found that Gold Price go up and down more slower compare to share market so to make money in long term, Gold is the right tools. This blog is all about Malaysia Gold Info and the way to make profi

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