Gold prices 'could hit $9,000 per oz' by 2015

A senior figure at one of the world's leading HR and related financial advisory companies has claimed today (November 26th) that gold prices could eventually hit $9,000 per ounce in 2015, Global Pensions reports.

Dennis van Ek, a principal at Mercer in Amsterdam, has explained that he believes buying gold is the ultimate insurance policy against other currencies around the globe imploding.

He is encouraging the Dutch pension funds on Mercer's portfolio to adopt a physical buying strategy as he believes that gold investment is going to pay off spectacularly in years to come.

He told globalpensions.com: "Many people believe gold is not part of our modern monetary system. Now we work with digital money, not even paper. If you buy gold, you are saying 'I think the majority is wrong'. But the return to value will come."

Mr Van Ek's views were strongly echoed recently by Vahid Fathi, a commodities industry analyst for research firm Morningstar, who explained that gold investment should form three to five per cent of any portfolio.

"As we begin to see margin improvement, we will see significant room for upward movement," he said.

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