Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]

Canadian gold miners expected to present robust Q3 results

The higher gold price couples with an easing of cost pressures is likely to see Canada’s gold miners presenting strong Q3 figures. Read more….

India gets to grips with higher gold prices – Diwali gold sales increase to $1.9 bn

Reports from the World Gold Council suggest a significant upturn in gold sales ahead of the latest Diwali Festival Read more….

Brand Disloyalty

The Daily Reckoning The US dollar is a sort of monetary brand. And like any other brand, it can fall out of favor. Even iconic brands can rapidly lose their “must-have” caché. Sometimes, a brand can disappear entirely, as did Pan American Airways or “Members Only” jackets. But there is always something else waiting to [...]

Uncertainty in Currencies Leads to Higher Gold Prices

Mark O’Byrne submits: Gold: Gold closed Friday night trading at $1,048/oz and is currently trading $3 higher at $1,051/oz. In euro and GBP terms, gold is trading at €713/oz and £666/oz and has risen sharply in these currencies in recent days. Support for gold is currently seen at $1,040/oz and resistance at $1,062/oz. The record [...]

Higher gold price will come so keep the faith – Sprott Asset Management

Charles Oliver and Jamie Horvat, both senior portfolio managers at Sprott Asset Management, explain how gold will react in the New Financial (dis)Order. Both foresee $2,000 gold in the next three years and, ultimately, “significant” hyperinflation on a global scale over the next decade. Interview with The Gold Report. Read more….