Barisheff Sees $10k Gold on Rising Debt

Financial Post reported that bullish analyst Nick Barisheff sees gold rising to $10,000 an ounce.

Analyst Nick Barisheff said:

America’s debt is projected to reach $23 trillion in 2015 and, if the correlation remains the same, the indicated gold price would be $2,600 per ounce. However, if history is any example, it’s a safe bet that government expenditure estimates will be greatly exceeded, and the gold price will therefore be much higher.

Click here to read the full Financial Post report.