Mostly: Classical

[amarksp]

Martin M:

"Opec’s current foreign exchange reserves current exceed $200bn. In order to lift its gold reserves to about 15%, some 50 million oz of gold would have to be bought, equal to $22.5bn or 350 million barrels of oil. “This would not appear to be a hardship,” said Martin Murenbeeld, a US economist with the Dundee Group who correctly forecast this year’s average gold price of $441/oz within a $6 range.

“At this point we suggest one ‘plans’ on something around $500 for 2006, but gold could clearly go substantially higher in the event the dollar plunges and monetary reflation comes early,” Murenbeeld said."

http://www.miningmx.com/gold_silver/499490.htm