By: Ian Campbell | Fri, Apr 13, 2012
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Why Read This: To observe and think about contrary views expressed in the last few days with respect to the prospective price of physical gold.

Featured Article: Paul Walker of GFMS Consultancy is reported to have said on April 12, 2012 at a conference in Johannesburg that:

The same article reports that concurrently Phillip Klapwijk, GFMS Head of Metal Analytics, thinks gold could drop lower from current levels over the next month or two, but that a "push toward $2,000 is definitely in the cards before the year is out, although a clear breach of that mark is arguably a more likely event for the first half of next year". Clear drivers of this view are said to be:

My Comments: While Mr. Walker's views should not be dismissed without thinking about them, it seems to me:

I suggest you read the referenced articles with an open mind, and only then reach your own conclusions on both Mr. Walker's and Mr. Klapwijk's views.

Gold: 'Well south of $1,000'
Source: Miningmx, Andre Janse van Vuuren, April 12, 2012.
Reading time: 4 minutes, thinking time longer.

Also read: GFMS cautious on short-term prices but sees new gold highs by early 2013
Source: Mining Weekly, Natasha Odendaal, April 11, 2012.
Reading time: 4 minutes.



Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Business Transition Simplified

Through his website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world economic and financial markets influences on those two topics. A recognized business valuation and transition authority, he founded Toronto based Campbell Valuation Partners Limited (1976). He currently is working to bring his business valuation and transition experience to both business owners and their advisors in our new economic, business and financial markets normal.

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