Gold could surpass $2,800 an ounce by 2013 – GPAA

Gold prices are trading below its record highs on the international markets in recent months even though prices have more than doubled since 2007. The Gold Prospectors Association of America (GPAA) is predicting that gold could surpass $2,800 an ounce within the next year.

GPAA President Brandon Johnson said annual memberships to the GPAA have shown substantial growth since 2007.

“Not only is this exciting for the Gold Prospectors Association of America and GPAA members, but it has led to more interest in prospecting and attention to the protection of property rights on public lands,” Johnson said.

The Gold Prospectors Association of America (GPAA) is the world’s largest gold prospecting membership association. They have club mining claims across the United States, and have several properties in Alaska.

As Executive Producer of the GPAA’s popular TV shows, “Gold Fever” and “Alaskan” on the Outdoor Channel, Johnson said gold prices have resulted in increased interest and viewership.

More people are learning about the history of the gold rush eras in California and Alaska. They are getting off the couch and heading outdoors to experience gold prospecting for themselves — whether they are suction dredging, highbanking, sluicing, drywashing, metal detecting or panning for gold, he said.

“Spiking gold prices are sometimes the deciding factor to turn off the TV and actually go gold prospecting to experience it for yourself. A quarter-ounce or pennyweight of gold is worth a lot more now than it used to be,” Johnson said.

“Today, the Gold Prospectors Association of America is reaching out and touching more Gold prospectors to contribute to the national wealth,” Johnson said. – BullionStreet

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Posted by admin on Jan 13 2012. Filed under Gold predictions. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry