Nadler thinks it's worthwhile quoting the following to us:
"In 2011, the gold price is forecast to fall by 11 per cent to US$960 an ounce. "The assumption of an ongoing recovery in world economic growth is forecast to lead to a reduction in speculative investment demand for gold. "Similarly, as the appetite for higher risk assets such as shares and property increases, investment demand for retail gold, such as gold bars and coins, is forecast to moderate.
"As world economic growth returns to levels which are more consistent with its longer term potential, further falls in investment demand in 2012 are projected to lead to an 11 per cent fall in the price, in real terms, to around US$840 an ounce.
"Between 2013 and 2015, the real gold price is projected to increase moderately, rising from US$834 an ounce in 2013 to US$880 an ounce in 2015."
At http://www.kitco.com/ind/nadler/mar052010.html
Thanks for that Jon Nadler. By the way, will there be 20% less US dollars in circulation in 2015?
