In an interview last month Blanchard and Company Chairman and CEO Donald W. Doyle Jr. told Yahoo! Finance’s “Breakout” show in an interview “We predict that $2,400 is a reasonable target for this coming year,”. He went on to say “The principle factors that are pushing gold higher now have really been in place for some time now. … We think that it’s inevitable that we’re going to see higher prices — and significantly higher prices.”

Doyle cited global economic uncertainty, rampant currency devaluation worldwide, strong supply-and-demand fundamentals, and growing global central-bank holdings as bullish price drivers. Doyle agrees with our philosophies at Cornerstone Asset Metals on owning the actual physical meta saying “We think there is a place in your portfolio for shares in gold mining companies, but it’s more important and more beneficial to your returns over an extended period to have the pure return on the price of gold.”