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'Gold may hit $2,000 if dollar collapses' gold price

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Gold may hit $2,000 if dollar collapses

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03/16/09 23:33

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Gold may hit $2,000 if dollar collapses

As of the moment, the price of gold is hovering below $1000, an important mark that every gold investor is looking at.

However, with the continuous bailouts that the US government is making, the US dollar may soon fall into hyperinflation. When this happens, the price of gold may zoom up and make it not only to the $1000 mark, but also the $2000 mark in a few months. We'll see about that.

Link: Gold may hit $2,000 if dollar falls: Schroders | Industry Summits | Reuters

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