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It would be the biggest run on gold since the attempted French invasion of Britain of 1797 that sent prices through the roof.The precious metal, long a safe haven for investors, yesterday was predicted by a leading analyst to quadruple within three years as buyers seek shelter from prolonged turmoil in mainstream financial markets. According to Christopher Wood, chief strategist at the broker CLSA, market ructions and a collapse of the dollar could send gold prices to more than $3,400 an ou…

Original Post By Google News Leo Lewis

A prediction of $3400 dollar gold within three years should not be discarded as impossible, although hopefully unlikely.A prediction of $3400 dollar gold within three years should not be discarded as impossible, although hopefully unlikely. A short article in today's Times newspaper in the UK recounts that Christopher Wood, chief strategist at big Hong Kong broker CLSA (whose largest shareholder is France's Credit Agricole, the world's 7th largest bank by asset value) feels t…

Original Post By Google News Lawrence Williams