Spot Gold prices will rise to at least $1,650 in 2011, believes Juerg Kiener, CEO at Swiss Asia Capital. He explains his bullish outlook to guest host Tai Hui of Standard Chartered Bank, CNBC's Martin Soong & Sri Jegarajah.
Not only that but because of the manipulation in the paper market prices have been so low that industrial users have not bothered to recycle silver. Instead it has ended up in scrap heaps where it can no longer be used. Even at current mining rates all silver will be above ground within the next decade. That's a recipe for a price explosion.
