$2,000 Gold a 'Realistic Possibility' in 2009

Submitted by newsdesk on Thu, 12/04/2008 - 20:15

Despite its recent weakening the prospects of gold reaching $2,000 an ounce next year "has to be considered a realistic possibility," according to James Turk, Founder and Chairman of GoldMoney.

In a video interview on financial broadcaster cantos.com Mr Turk said gold's safe haven status and limited market size meant that a doubling in the metal's value might occur and demand from retail investors had been 'off the charts'.

As well as looking at the reasons that will drive the price of gold up, Mr Turk also looks at the one factor that could ruin its run - government intervention.

The interview and transcript are available now on http://www.cantos.com as well as our Market Brief pages on iTunes and YouTube.

It's free to view. All you need to do is register at http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives.

If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333

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