Gold In A Year: $2,500 Or Higher
At the CNBC Delivering Alpha conference, CNBC's Kat Kelly is moderating a panel on commodities, and the panel thinks that gold is headed sharply higher.
One of the panelists, Paul Touradji, of Touradji Capital, said that gold could go as high as $2,500 an ounce, or perhaps higher a year from now.
Peter Gilbert, Chief Investment Officer at Lehigh University also echoed these sentiments. Gilbert said that gold is "trading like a currency" and believes it could go much higher, as it enters a bubble.
One related ETF is the SPDR Gold Trust ETF (NYSE: GLD).
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