The following are excerpts from an article that appeared on the Financial Times/Economists Forum website on January 6 titled ‘Demand is Untarnished for Gold, says Hambro’.

“The price of gold will go above $1,000 per ounce this year, according to Peter Hambro, chairman of Russian gold producer Peter Hambro Mining.”

Quote:  “How much over $1,000, I don’t know. But there are perfectly legitimate scenarios for it reaching $1,500, even $2,000,” he told the Financial Times.

“Many variables influence the price of gold – including jewellery demand, the strength of the dollar, fund investments and investor caution. But an important factor for Mr. Hambro is inflation.”

For commentary on how the price of physical gold may behave in inflationary and deflationary economic environments click here to read a Post I wrote on this Blog on December 1.

I recommend you read the entire article in context by clicking here.

The views expressed in this Post are those of the author. They are offered to readers for information and general guidance only. They are neither intended to, nor should be taken to, constitute economic or investment advice. No check of data underlying articles or comments referenced herein has been made, and no responsibility is taken for them.  See Legal Disclaimer.

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