Spot Gold Price Forecast
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Having risen approximately 300% since the start of its bull run in 2001, gold has far outpaced the investment gains in virtually every other investment class, including stocks, bonds, real estate and cash.
Gold bugs feel certain that this time will be the ‘big one,’ and that the precious metal will likely hit $2,000 – $3,000 an ounce, if not higher.
Commodity experts like Jim Rogers also believe that gold will continue to surge higher, right along with most energy, food and base metal commodities; in fact, some believe that the bull run in commodities still has another 5 –10 years to run higher, given the tremendous demand from developing economies for massive amounts of raw materials.
So, it would seem that spot gold has a very good probability of rising strongly through the remainder of 2009.
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