Gold's Future? $5000?

[robsrdd]

"Mark O’Byrne notes –(Will Gold Reach $5000 an Ounce? -- Seeking Alpha) -- that predictions of $1,000 an ounce gold were laughed at in 2001, but no one’s laughing now. And $5,000 an ounce by 2013 might seem laughable today, except that the man making the prediction is Rob McEwen, founder of Goldcorp, the world’s second-largest gold mining company by market cap."

According to McEwen, “I realized in August 2007 we had reached an inflection point regarding money; it was all about protecting money, and gold served that purpose.”

Via Stock Research Portal Blog

Thoughts on this assessment?

[Stocktrading101]

$5000 is a bit steep, in the immediate future $1,000 is likely, anything beyond that is simply guessing,

http://www.stocktradingtogo.com/2009...again-gld-iau/