HSBC Holdings PLC (NYSE ADR: HBC) just predicted that gold prices will likely average $2,025 a troy ounce in 2012 - stating that investor fears about the Eurozone and other regions of the global economy will send them rushing back into such safe-haven holdings as gold.
We told you that quite some time ago.
As Money Morning readers know, we've been stating for some time that high gold prices would be the future norm - and even called for a near-term correction before the "yellow metal" then raced to new record highs.
Frequent contributor Peter Krauth - who also runs The Global Resource Alert trading service for parent Money Map Press LLC - has written that gold could hit $2,500 an ounce, or even $5,000, if a "perfect storm" of catalysts took hold.
So while we've recently been telling Money Morning readers what we expect will happen with gold prices, we've been showing Private Briefing charter subscribers precisely what to do about those predictions.
In fact, in today's (Tuesday's) issue of Private Briefing, Krauth details two "must-have" portfolio picks that will allow you to profit from the run-up in prices that he's predcting for gold -and for silver.
To find out more about Krauth's prediction for gold - and for those profit picks, please just click here.
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