As Gold Makes New Record, Optimistic Forecasts Proliferate

That's the subject of a Wall Street Journal blog post, which uses gold's latest record as a springboard to introduce forecasts for $1,450, $1,500 and $1,600. One of the gold bulls is none other than Jacob Rothschild.

[He] has stood by Old Yeller of late, upping RIT’s investment in “real assets” like gold in a bid to protect against economic instability.

“These areas provide some protection from inflation and have performed well for our shareholders,” Mr. Rothschild said in RIT’s most recent report.

RIT also backed a £12.5 million joint equity investment in online gold dealer, BullionVault, by the World Gold Council and growth capital fund, Augmentum Capital, in June, a sign of confidence in the gold market.

Although global recovery may put gold off its feed, tensions in Libya and continued worry over Portugese and Grecian government debt are still putting some spring in the metal's step.