How Would Gold At $2000 Sit With Investors Buying The Gold ETF’S?
October 12th, 2009
“Jim Rogers, the contrarian investor and author, says gold will hit $2,000 in the next five to 10 years. In a continuation of a conversation with Rogers, TheStreet.com TV spoke with the typically contrarian investor talks about how high gold will go, how to trade the precious metal and whether mining stocks are a good play on rising gold prices,” Alix Steel Reports From The Street.
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“With gold prices up 14% year-to-date, physically backed ETFs like SPDR Gold Shares(GLD), ETFS Gold Trust(SGOL) and iShares Comex Gold Trust(IAU Quote) are seeing heavy volume. Investor demand has driven the popular SPDR Gold Shares to add almost 50 tons of the precious metal since Sept. 1, boosting its market cap by $1.6 billion,” Steel Reports.
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