Here's what the industry experts are saying about the prospects and prices of mining for gold:
…..“A continued global economic tsunami and the increasingly urgent scramble for an investment lifeline will combine to power gold prices ominously higher and into uncharted territory later this year. This is the consensus of opinion among the CEO’s of a dozen emerging to mid-tier gold mining companies who were recently interviewed by BNW Business Newswire.
…..“Gold will be trading in the $1,100 to $1,500 range by year’s end, they (the CEO's) all agreed.” - Commodity Online, March 21, 2009
...Investment in gold mining companies provides leveraged exposure to underlying gold prices, with miners profiting from stronger revenue and falling costs, according to ETF Securities Ltd.
...The ETFS Russell Global Gold Fund (AUMCO), which tracks the world’s biggest gold miners, has recorded 75% growth since October 31, 2008. This compares to a 15% fall in the MSCI World Index over the same period. High political and financial uncertainty continues to drive investors to safe havens like gold.