$2000 Gold By Year-End?

Goldcorp founder, Rob McEwen, is sticking with his prediction that gold will hit $2000 by year-end.But, it should be noted, Rob has been making this prediction since 2006.At that time gold prices had not topped $600 an ounce.Rob's gold price predictions were wrong then and he's been wrong ever since.Or was he?

Let's make an important distinction here.Rob's Gold predictions may be considered lofty and while we have yet to see $2000 gold, we have seen gold double from those 2006 levels.In light of this, it's hard to be too critical of the prediction.

So let's take this as a lesson.Don't buy gold because gold price predictions say gold will triple in a few months.Buy Gold because it is still a good long term stratgegy to protect and preserve your wealth.It's that simple.