Roubinis prediction
https://www.kitco.com/news/2014-12-19/Roubini-Could-Be-Right-As-Kitco-Survey-Doesnt-Rule-Out-1000-Gold.html do you really think gold hits 1000 dollars , there are mixed predictions , mainly based on the Dollar value and price of oil , The most important factor to drop gold to 1000 dollars would be if there was an amundance of physical gold for sale to drop the price , but that is not happening. For the Dollar to sky rocket there would have to be a shortage of dollars , but that is not the case for all the unlimited printing going on and in the case of oil , with the over supply and the Arabs keeping the flow going , its time for gold to decouple from the price of oil and hold its own . With production costs around 1200 dollar oz gold there is no room to justify a 1000 dollar gold price where i dont think any producers would be in a position to subsidize your gold purchases , thats where the paper gold etfs are flawed . This is my opinion only and not to say there are those in a position to make 1000 dollar gold a reality then why not 800 dollar gold or even 500 dollar gold , if thats the case then one must look at the investment picture as a whole .