Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Gold Prices Rise, Experts Say Could Reach $2,500 By 2013

September 14, 2011 by  

The rise for the yellow metal came as analysts from the Newmont Mining Corporation, the largest producer of gold in the U.S., predicted that the commodity would rise to $2,500 by 2013.  The price of gold rose again as European debt struggles continued and industry experts predicted record levels for the metal over the next several years.

Gold for December delivery, the most actively traded contract, rose $3.30 to $1,833.40 an ounce, according to CNN.

The rise for the yellow metal came as analysts from the Newmont Mining Corporation, the largest producer of gold in the U.S., predicted that the commodity would rise to $2,500 by 2013.

“I don’t see the facts to cause the gold market to change in at least five years,” Richard O’Brien, chief executive for Newmont, told Bloomberg. “Gold may gain to more than $2,000 in 2012 and stay high for the next five years.”

The safe-haven nature of the commodity has led traders to favor the metal in recent sessions, something that experts predict will remain as a standard practice for the near future. Lower bond yields, growing European sovereign-debt concerns and risk aversion have, and will continue to contribute to the increase for gold, according to the news outlet.

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “Gold Prices Rise, Experts Say Could Reach $2,500 By 2013”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.