The seasonal summer doldrums may still be underway, but as only CDS spreads and uncertainties are rallying these days, Erste Group's gold analyst Ronald Stöferle could well hit the black spot, forecasting a gold price of $2,000/oz by the end of 2011.
Sorry for not delivering a summary, but this gold standard setting 47-page report is a full must-read for all gold investors and especially all those who still have doubts about a golden future for the oldest universally accepted currency in the world.
Only so much for a teaser: If the US money stock were to be backed by gold again, one ounce would cover 9,942 single dollar notes. Now go read the rest for a multitude of research gems.
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