Gold To Climb To $2000 In First Half Of 2012: Jeff Nichols

Gold prices may climb to $2000 levels in the first half of 2012 and in the long lasting bull market, the yellow metal is expected to ride higher to $3000, $4000, $5000 in due course, according to Jeff Nichols, renowned precious metals economist and Managing Director of American Precious Metals Advisors.

He told the China Gold and Precious Metals Summit that the present fall in gold prices to below $1600 levels from a high of $1923 in September need not be considered an aberration. Historically, fall of 20% is not unusual. Ad the time of Lehman bankruptcy in 2008, gold prices had fallen more than 20%.

There are eleven bullish factors that could push gold back above $1900 to $2000 levels in 2012, according to Jeff Nichols. This includes: the US Fed policy of negative interest rates, US debt, depreciating US dollar, Eurozone debt crisis, global inflation, political instability in Middle East and Africa-disruption of commodity supplies such as metals and oil products, affluence of emerging economies and their tendency to invest more in gold, silver, central bank buying, new investment vehicles such as exchange traded funds (ETFs) and Gold mine production failing to keep up with demand....more