Friday, October 9, 2009

Jim Rogers | Gold Over $2,000

We've heard a lot of talk about the price of gold and where it'll end up going to, and the latest to make their prediction is Jim Rogers from Rogers Holdings and other companies, who says in a decade gold should go over $2,000 an ounce.

Another person predicting extraordinary increase in gold prices is Peter Schiff, who has asserted gold could top $5,000 before things settle down.

Rogers has also said for some time that commodity prices will rise for years into the future as growing demand won't be able to be met by supply.

Another major factor in ensured rising commodity prices is the fact very little in the way of new production capacity has been built over the last 30 years, and because in most cases it takes approximately 10 years to bring production online, it'll be some time before supply in many commodities will be able to meet demand.

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