Gold Seen by Polymetal Climbing to Record Above $2,000 – Bloomberg 01-30-13

Salient to Investors:

Vitaly Nesis at Polymetal International said gold will peak above $2,000 and average between $1,700 and $1,800 in 2013 as central banks’ purchases will be the main demand driver. Nesis doesn’t expect investors to switch from gold to silver in 2013 because silver is a less significant asset in the global financial system.

Thomson Reuters GFMS estimates central bank purchases increased 17 percent last year, the most in 48 years.

Read the full article at http://www.bloomberg.com/news/2013-01-30/gold-seen-by-polymetal-trading-at-1-700-1-800-in-2013.html

 

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