Byron Wein, vice-chairman of Blackstone Group, predicts gold will go to $1,600 as one of his ten surprises of this year. What's interesting about his prediction is that he's an economic optimist, who also believes housing starts will go above 600,000.
It's a combination not often seen these days, as gold bulls tend to anticipate stagflation or outright doom. Evidently, Wein expects prosperity (or at least recovery) to coincide with inflation, not unlike what occurred last decade.
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