Bullion

Gold Bull Forecasts $10,000 per Ounce

Posted on November 02nd, 2010 in Bullion, gold, India Shares, mint, Shayne McGuire, silver

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When you make a prediction, why be squeamish? Meet Shayne McGuire, a 44-year-old fund manager from Texas who runs a $330 million gold portfolio at the Teacher Retirement System of Texas. He predicts gold will reach $10,000 per ounce, The Wall Street Journal reports.

McGuire stands alone in his prediction that gold will reach $10,000 per ounce. He started buying gold early in 2007 at $650 per ounce. He was able to convince the Teacher Retirement Fund to buy gold. So far, his gold fund is up 25% over the past year. The gold fund has half of its assets in the SPDR Gold Trust (SPY).

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Gold Bull Forecasts $10,000 per Ounce originally appeared on BloggingStocks on Tue, 02 Nov 2010 10:40:00 EST. Please see our terms for use of feeds.

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