TSXV:PEM.P - Post by User
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WhiteFoxon Apr 16, 2011 3:42pm
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Bloomberg
Bloomberg
“Gold has become the currency of choice,” said Lannie Cohen, the president of Capitol Commodity Services Inc. in Indianapolis. “The debt crises in Portugal and Ireland are getting worse. The U.S. has its own deficit problems. There’s just so much debt that the U.S. will have to continue quantitative easing to carry the deficit.”
The precious metal may rise to $1,750 this year in anticipation of “the dollar getting ready to fall off the face of the earth,” Cohen said.