2012, Gold Prices Will Rise 21 Percent Predicted

The price of gold is estimated to rise 21 percent in 2012. Means the
price of gold will extend its gains to 12 years in a row. The price
increase is driven by a track record of investing in gold in the
investor and the steps the central bank to increase its gold reserves
first time in a generation.

World Gold Council data show, central banks have been net buyers of gold
for three consecutive years. This is the longest since 1973. Data
compiled by Bloomberg, on Wednesday (14/03/2012) local time, also
showed, ownership of mutual funds that are supported by this yellow
metal hit a record was 2410.2 metric tons.

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