Interesting article in the National Post yesterday. One Ashraf Laidi, chief market strategist for CMC Markets predicts that gold will shoot to $1,330 US before the new year.

Mr. Laidi attributes this “optimism” to Europe’s debt crisis as well as the activities of U.S. Federal Reserve. In addition, U.S. midterm election uncertainty as well escalting frictions between Israel and Iran could fuel the growth in gold value.

While this may be a miserable forecast for anyone looking to buy gold as an investment or gold jewellery, this certainly does bode well for those eyeing their old unwanted or broken gold as a potential source of a little extra holiday spending money.

If you’re in the selling boat, don’t hesitate to give Gold Guys a call or email. Either at your own hosted gold party, or one-on-one, we’ll give you our best price for your gold.

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