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Gold Could Hit $2000 Amid Inflation: BlackRock Exec

Posted By admin On September 30, 2010 @ 3:28 am In World News | Comments Disabled

JeeYeon Park
CNBC [1]
Sept 30, 2010

Investors will continue to see strong demand for gold and exchange-traded funds (ETFs) are the best way for regular investors to benefit from the commodity’s rise, said Robert Kapito, president of BlackRock.

“Since 2001, gold has returned about 17 percent a year, so it’s a very good long-term investment,” Kapito said in an interview on CNBC. “Clients are looking to get exposure into something that they feel comfortable with, and gold is proven to be a good investment.”

Full article here [1]

Gold Could Hit $2000 Amid Inflation: BlackRock Exec 150410banner1 [2]


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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/39424930

[2] Image: http://infowars-shop.stores.yahoo.net/inemnewwoord.html

[3] Gold Bears Pull $20.8 Billion as BlackRock Says Buy: Commodities: http://www.prisonplanet.com/gold-bears-pull-20-8-billion-as-blackrock-says-buy-commodities.html

[4] Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months: http://www.prisonplanet.com/analysts-predict-hyper-inflation-to-push-gold-to-2000-oil-to-300-within-months.html

[5] Steep Gold Price Increases Ahead: Gold Exploration Company Chairman Foresees $2000 per ounce: http://www.prisonplanet.com/steep-gold-price-increases-ahead-gold-exploration-company-chairman-foresees-2000-per-ounce.html

[6] Morgan Stanley: Beat Deflation (or Inflation) with Gold: http://www.prisonplanet.com/morgan-stanley-beat-deflation-or-inflation-with-gold.html

[7] Inflation Fears May Drive Gold to Record High: http://www.prisonplanet.com/inflation-fears-may-drive-gold-to-record-high.html

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