What is GFMS and Why Do They Think Gold Will Hit $850?

GFMS is the world’s foremost precious metals consultancy, specialising in research into the global gold, silver, platinum and palladium markets. They claim to be independant, informed and trustworthy.

CEO Philip Klapwijk recently commented, “levels safely over $600 are now in our sights and further hefty gains over the next year or two are quite possible – in the right circumstances, the 1980 high of $850 could even be taken out”.

You can read the reasons why he thinks that in the recently released 38th annual Gold Survey for 2006.

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