After reading an excellent article by Melinda Peer over at Forbes, I began to wonder - could gold prices really reach $5000 in the coming years?
It wouldn't surprise me. Last nights gold prices closed at nearly $980. We are very close to seeing it at $1000 per ounce.
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Money.aol.com reporter Sara Lepro reports that gold prices are at a three month high. Seems good news for lovers of gold coins, especially if it continues to rise.
Small exerpt below. Full article here.
"NEW YORK -Gold prices moved higher Thursday as the dollar lost more ground against the euro.
Gold prices have been rising steadily in recent weeks amid a falling dollar. Investors fear that the U.S. currency will continue to lose value as the government pumps more than $1.2 trillion into the financial system to energize the economy. This could lead to inflation down the road. "
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