Spot Gold Prices To Skyrocket Medium Term
DJ MARKET TALK
Date: June 15, 2007
Gold prices are going to skyrocket over the next 5-7 years, says Pierre Lassonde, Chairman of the World Gold Council and Vice Chairman of Newmont Mining Corp. "Gold (prices) will be four digits, I just don't know what the first one will be," he says. The current cycle mirrors the 1970s, with a spike in oil, and industrial metals prices such as copper and nickel.... Long-term, dollar depreciation, spurred by the US twin deficits, will buoy gold as a safe haven investment, he says.
Emphasis added. The above information has been redacted from the article as it originally appeared on Dow Jones Newswires on June 15, 2007.
Back to Gold in the News
