Looking ahead, gold would ride on its strong fundamentals, some dealers said. “Property prices are falling, stocks markets are falling and putting money in bonds will see inflation eat it alive. Food and fuel prices are crippling, so where is the smart money going to go?” said Peter McGuire, managing director of Commodity Warrants Australia.

“Those are the same concerns now as back in the 1970s and we have all the right ingredients coming together that could send gold soaring back above $1,000 this year and to $1500 or

$2,000 in the coming years.”

Could you image our precious little SGR and where it will be in coming years. Just Marvellous to see.

.