The gold price in 2009 could exceed one thousand dollars

The gold price in 2009 will exceed 1,000 dollars per ounce. This opinion was expressed by Peter Hambro, founder and Chairman of the Board of Directors of Peter Hambro Mining, mining gold in Russia. "Can not say exactly how much it cost will exceed one thousand dollars per troy ounce. But there are preconditions for growth to the level of 1,5 thousand dollars or even 2,000 dollars per ounce, "said Hambro According to Hambro, the gold price affects the demand from jewelers, the demand from investors, the dollar against other currencies but the most significant impact on price inflation will: gold is considered one of the most effective ways to protect against inflation risks, "Interfax" referring to the Financial Times. At the end of December 2008 gold traded at $ 850 per ounce. The price of gold has bestride psychological mark of 1,000 dollars per ounce in March 2008, survive at this level for about a week. Since the beginning of the financial crisis of autumn gold price fell below $ 700 an ounce, but in the end, the marked weakening of the dollar led to an increase precious metal prices to 850 dollars per ounce .