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Gold prices at $2,000?

In time, will the price of gold mirror the upward move of the price of oil?
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Universal Coin and Bullion has a story by Paul Montgomery in its June 2006 Investor's Profit Advisory newsletter speculating on whether gold could hit $2,000 an ounce by 2010.

Montgomery writes that the scenario is being debated in conjunction with speculation that oil may hit $200 a barrel by that time. He said that while that may seem impossible, no one believed in 2002, when oil was trading for $20 a barrel, that it would be bringing $60 a barrel in 2006.

He said that while oil is not necessarily the primary driver of gold prices, "there is a rough correlation between the two, even if they don't always move in lockstep. In the midst of the financial chaos that $200 oil would bring, gold coin owners might have at least the comfort of being very, very wealthy."

Universal Coin and Bullion publishes Investor's Profit Advisory newsletter monthly. The company's mailing address is 7410 Phelan Blvd., Beaumont, TX 77706; its phone number is (800) 459-2646. It also operates a Web site at