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Mining Capital's Alastair Ford comments on $3000/oz gold predictions

Mining Capital's Alastair Ford gives his take on forecasts out this week from Bank Of America tipping gold to hit $3000/oz.

''The Bank Of America's a respected institution ... they know what they're doing in terms of conducting analysis and there's plenty to support the case that gold is going to go much higher not least the simple truth that the world's central banks are printing a phenomenal amount of money''.

''The only thing that holds its value when money is being printed hand over fist is gold''.

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