Analysts Predict Long Term Bull Market For Gold

Gold prices hit a 28 year high last week and many industry analysts and insiders are predicting the price appreciation to continue.

Ian Smith of Newcrest Mining states.......

"Supply of gold mining is going down, exploration and discoveries is going down and demand is going up.

"The overall economic environment really suggests gold will be positive over the next few years at least."

Sahil Kapoor of Kotak Commodity Services.......“We feel inflationary pressure in the world economy has not reduced. It will pick up even further in the coming months and quarters as agricultural commodities become more expensive worldwide,”.......“Higher crude oil prices will infuse lot of multiplier effect on other component of total demand in the world pushing world inflation ahead”