Centamin Egypt Ltd - Multi Million oz Gold deposit

GFMS CEO sees $800/oz gold with retail investment
By Karl Heilman
20 Dec 2006 at 11:25 AM

Paul Walker, GFMS CEO, said in an interview that there’s a realistic chance gold could reach $800. Walker said the brunt of gold investment has been from the professional side, adding that a pick up in investment on the retail side is necessary to see gold prices reach $800.

“I think the professional interest in the market with investment flows coming out of the US and into other assets could push gold to $700 and above. “