Gold’s 12-year rally, the longest in at least nine decades,
is poised to continue in 2013 as central bank stimulus spurs investors from
John Paulson to George Soros to accumulate the highest combined bullion
holdings ever, Bloomberg reports.
The metal will rise every quarter next year and average
$1,925 an ounce in the final three months, or 12 percent more than now,
according to the median of 16 analyst estimates compiled by Bloomberg. Paulson
& Co. has a $3.62 billion bet through the SPDR Gold Trust (GLD), the
biggest gold-backed exchange- traded product, and Soros Fund Management LLC
increased its holdings by 49 percent in the third quarter, U.S. Securities and
Exchange Commission filings show….
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