“Gold bulls have come out of hiding and are returning to the market, MarketWatch proclaims, and some experts predict the precious metal could surge to new highs.
“Gold remains one of the best long-term safe-haven investments for the risk-averse investor despite some declines in price at the end of 2012,” David Beahm, vice president of precious metals firm Blanchard & Co., told MarketWatch.
“With as much uncertainty as there is today, and with quantitative easing and fiscal stimulus programs providing only a temporary fix, gold is poised to achieve new highs, somewhere north of $2,000 in the coming year….”
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