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COMMENT: What if the gold megabulls are right?
By Mineweb · May 31, 2012 · 9:03 am · Leave a Comment
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By Lawrence Williams
There is a strong element, even among the respected gold bulls, which is not looking for, say, gold at $2,000 an ounce (more of a mainstream view supported by many banks) but continually preaches a much greater price for gold some as high even as$10,000 an ounce plus – and sooner rather than later.
Far be it from us to deride this position, although deep down we think it could be a step too far – primarily because the factors that could drive gold to this kind of level in the short term are almost too horrific to contemplate – but what if they are right?
