Gold Prices to Reach $1000?
Will we see gold surpass its all-time record of $850.00 per ounce and soar to $1000? Analysts say that will happen, like John Ing, president of Maison Placements Inc. who stated, “I think we are days away rather than months away.” Charles Oliver, a fund manager at AGF Management Ltd., anticipates that gold may reach the record $850 an ounce by 2008 or early 2009. There is even a possibility, according to Oliver, that gold could reach $1000 earlier than his 2010 projection. There are several factors that contribute to this rising price of gold such as the continuously struggling…