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Analysts expect gold to hit record high in 2012

24hGoldWire

24hGold

Published : January 09th, 2012

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FOLLOW : London Bullion Market Association Precious Metals

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Category : GoldWire

LONDON: Precious metals analysts expect gold prices to rise for a 12th year in a row and to reach a record high in 2012, but are less optimistic for silver and platinum, according to a survey by the London Bullion Market Association.

The LBMA's survey of 26 contributors showed all but 3 participants expected gold to hit an all-time high in 2012, with a majority of 19 of them forecasting gold to reach a high above $2,000 an ounce.

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S W.

1/11/2012 at 8:18 AM GMT
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I disagree.
Gold just doesn't disappear.

As for ratio... it will contract if silver goes down to 25 and gold to 400 leaving a supposedly historical 16:1 if thats what you want.

Therefore it may be prudent to ride Silver at the behest of the market if it is going up!

Where you get in I don't know but iv'e had a bite of the cherry at 2922.

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MSIMM333

1/11/2012 at 2:22 AM GMT
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i disagree! GOLD HAS HAD IT
LOOK AT THE 80'S AD 90' A MIRROR IMAGE ANOTHER BUBBLE IN 20 YEARS
G O SHORT AT 1675

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S W.

1/10/2012 at 5:32 PM GMT
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If silver is slated to rise so too will Soyameal.

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Papli

1/10/2012 at 12:25 PM GMT
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If gold is slated to rise so will silver and possibly lead. Watch out for the contracting gold to silver ratio. It may be prudent to ride silver at the behest of gold during the year.

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Latest comment posted for this article

I disagree. Gold just doesn't disappear. As for ratio... it will contract if silver goes down to 25 and gold to 400 leaving a supposedly historical 16:1 if thats what you want. Therefore it may be prudent to ride Silver at the behest of the market if i Read more

S W. - 1/11/2012 at 8:18 AM GMT

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