Gold prices poised to surge, hedge fund exec says

05/28/2013 | Reuters

The price of gold will rise to as much as $5,000 per ounce over the next five to 10 years, says Christian Baha, head of Austria's Superfund. He said a bubble is forming in government bonds because of quantitative easing, making gold desirable. "Do you think paper money has any intrinsic value? I don't believe so. Gold has real value," Baha said. "If gold goes down to $1,200 or $1,000 then I’m going to buy more. I really don't care. They're just printing new money."

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