Billionaires Soros, Paulson Bullish On Gold With Prices Expected To Hit Records

Gold prices are set for a 12th consecutive year of gains in 2012, the longest streak in at least nine decades, on growing worries about global economic growth, continued unconventional monetary policies and rising geopolitical risks that may impede gold production.

Bullion will rise every quarter in 2013 and average $1,925 an ounce in the final three months, or about 11 percent more than now, according to the median of 16 analyst estimates compiled by Bloomberg.

via Billionaires Soros, Paulson Bullish On Gold With Prices Expected To Hit Records.

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