"You're looking at the [European Central Bank], certainly, and the [People's Bank of China], and I think on that basis you're going to see investors increasingly looking at gold as a way to diversify their portfolio. I think it's underheld at this current point in time, and so I think gold continues to look very attractive. And this is in the context of almost a year of corrections. ... Things are starting to look very interesting." However, Brebner thinks that $2,000 gold could correct, especially before the U.S. election, before reaching $2,000 in the first quarter of 2013.
In a separate interview, Pacific Investment Management Co. (PIMCO) portfolio manager Greg Sharenow told Bloomberg that gold could hit $2,000 in the next six to 12 months.
More information can be found online at http://www.goldbullionadvisors.com
No comments:
Post a Comment