gold, page-41

to be honest i follow jim sinclair and his ramblings.
I find he has been spot on so far with all he has said.
I have a couple of years plan which i have 6-8 gold stocks and i just sit and hold em tight.Now for this snipet:




Gold to hit $2k an ounce 'in a few years'
Gold prices could hit the $2,000 an ounce mark in the space of a few years, it has been claimed.

Robert Lutts, president and chief investment officer at Cabot Money Management, told the Pittsburgh Post-Gazette that he expects gold bullion to be valued at $1,000 an ounce later in 2008 and $2,000 in a few years time.

According to another expert, the current high gold price levels are "sustainable" and could reach the dizzy heights of those seen 1980, when prices almost doubled to $850 in a matter of weeks - which would mean that nominal prices today would have to reach $2,000 an ounce to rise to the same high.

Peter Munk, chairman of Barrick Gold, told Reuters last month that growing demand and increasingly pressurised supply could make such an event a reality.

Also speaking to the Post-Gazette was George Milling-Stanley of the World Gold Council, who noted that investor demand for gold can be attributed to a growing willingness to look at the yellow metal in the face of other underperforming assets - a trend that could be good news for those who are already investing in gold.

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Goldbug, 11 Feb '08