USAGOLD News and Views » Blog Archive » Capital Economics: gold at $2,500 and silver at $46 by 2013

1-800-869-5115
We welcome your inquiry.

USAGOLD Coins

USAGOLD Menu BAR

Video Round Table

Video Round Tables

Breaking Gold News

daily gold price

major market indices and prices

annual gold price

»
T
W
I
T
T
E
R

&

I
N
D
E
X
«

Capital Economics: gold at $2,500 and silver at $46 by 2013

Oct 18th, 2011 12:27 by News

18-Oct (MarketWatch) — The general return of confidence in the U.S. dollar has cut demand for gold as a hedge against a collapse in the U.S. currency, but economists at Capital Economics said they don’t expect that to hold back gold for much longer — and investment demand should help boost silver too.

“The monetary policy backdrop is highly favorable” for gold, they said in a quarterly report issued Tuesday.

“Interest rates are likely to stay low in the advanced economies for the foreseeable future, minimizing the opportunity cost of holding an asset like gold that pays no income.”

And in the event of a disorderly Greek default, gold is still likely to benefit more than any other currency, they said.

The Capital Economics economists expect gold prices to reach $2,500 an ounce no later than 2013 “as doubts over the survival of the euro come to a head.”

Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss. [see also 12 yrs of Discussion Archives]

The opinions posted by all guests at this forum are expressly their own and do not necessarily represent the views of the management or staff of USAGOLD - Centennial Precious Metals. The hosting of this forum shall therefore not be construed as equivalent to endorsement by USAGOLD - Centennial Precious Metals of any of the opinions posted here.

Permission to reprint is hereby granted where the USAGOLD name is cited along with our web address, mailing address and phone number. For electronic reproductions, citing the post heading and the http://www.usagold.com/cpmforum/ website address as the source is sufficient.

usagold logo
P.O. Box 460009
Denver, Colorado 80246-0009

1-800-869-5115 (US)
00-800-8720-8720 (EU)

303-399-6759 (Fax)

admin@usagold.com

Office Hours
6:00am - 5:00pm
(U.S. Mountain Time)
Monday - Friday

American Numismatic Association
Member since 1975

Industry Council for Tangible Assets

USAGOLD Centennial Precious Metals is a BBB Accredited Business. Click for the BBB Business Review of this Gold, Silver & Platinum Dealers in Denver CO

Zero Complaints

Monday May 21
website support: sitemaster@usagold.com
Site Map - Privacy- Disclaimer
The USAGOLD logo and stylized gold coin pile are trademarks of Michael J. Kosares.
© 1997-2012 Michael J. Kosares / USAGOLD All Rights Reserved