Tuesday, June 14, 2011

Standard Chartered: "Three Factors Will Drive Gold To $5,000"

Woah, another mainstream bank specializing in commodities just went hyperbolic on the price of gold.  I guess they're conspiracy nuts also.  The table is now set.  It's now just a matter of time before other institutional investors like the University of Texas endowment fund begin accumulating physical gold and buying mining equities. 

http://www.zerohedge.com/article/standard-chartered-three-factors-will-drive-gold-5000

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