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Message: Roubini economist: Three reasons why gold is going to $1,000

Funny how all these experts all contradict each other, I guess its all to some extent dependant on their agenda, one says gold to going to 3k another says down to 1k ? there are so many theories and some are labeled conspiracies and perhaps thats the problem ?

Fact is there is an increasing demand for gold and the supply is going to lessen, logic and common sense tell you when there is a demand that is greater than supply the price goes up.

With 3rd world markets entering the middle class - just read an article about how african pension funds will hit over 600 billion by 2020 - they all will be investing but not only that the people will be buying gold for personal reasons as well, industry needs gold and silver more than ever - why would gold drop down to 1k ? we have Africa, India, Malaysia, Russia, China and Arab nations all wanting gold besides the US and other European nations, demand is increasing all the time. I know very little about this stuff just what my gut tells me and common sense.

The future should be good for producing junior miners that have reserves of gold and silver.

So we have a winner in WEM, we have gold and silver - just need to get it out and sell it ! the future is very good for us if the resources are well managed and according to the last news it seems to be headed that way.

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