Gold on its way to $10,000 an ounce

Thursday, October 13, 2011
By Paul Martin

By Nick Barisheff
Commodity Online

Gold market is not a bubble but having the potential to move higher to $10,000 an ounce, according to Nick Barisheff, leading commentator on finance and markets and President and CEO of Bullion Management Group, Inc. His upcoming book, ‘$10,000 Gold- Why it will get there sooner than you may expect’ is based on this bullish premise for the yellow metal.
Barisheff points out that there are two fundamental ways of looking at gold: The western view sees it as just a wealth-gaining asset while the eastern view subscribed to by India, China and Middle East is that the yellow metal is a wealth-preserving asset that serves the purpose of money.

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