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Spot gold and precious metals comment:

GOLD

Interesting to note that in real prices applying CPI to prices of gold in 70s 80s we can see that gold today can be priced at over 2000 per ounce and even 3000 per ounce, if you look and gold/oil ratios with current oil prices gold might cost over 1650 per ounce and givven that ECB is using 190 per barrel in forecasts for 2009-2011 you can easily derive a hefty price of 3300 per ounce.

Also many reputable IBs are revising NAV and rates already, meanwhile gold is already close to breaking a 1000 mark.
That and the fact that SA mining outputs will struggle for at least another 2 years or even more means that there is still spectacular opportunities lying ahead. Also, there is still not enough media coverage of the subject, once the gold recieves more media attention be certain that there will be a chaotic wave of buying.

SILVER

This metal recieves much less attention and that really is an underrated metal. Silver has posted remarkeable gains of over 35% since january 2008 alone. This is even a more spectacular result compared to gold.

And apparently in real prices silver can be valued at over 100 dollars per ounce. Now that is a 500% gain over the current prices (silver just breached 20 dollar barrier and is still strong).

Those two metals are heavily correlated, so someone anticipating a rise in gold prices might as well be smart to invest in silver, since this metal is most time lagging behind gold but will eventually catch up and even outpace it in terms of growth.