Monday, November 19, 2007

Report speculates about $1,500 gold

A report released by the Redburn Partners outlines that the partners are raising their long-term gold price estimate to $1,500 an ounce with the possibility of a $4,000 to $5,000 spike.

The group says it sees inflation as far higher than reported, and the U.S. faces “rapidly rising inflation or deflationary recession,” according to the report.

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