AGORACOM Investor Relations is pleased to bring you this Industry Report concerning the gold industry and how it could have an impact on Yukon Gold (YK: TSX) in the future.
While the world price of gold has recently surpassed $820, some analysts feel it could pass $1,000 in the not too distant future. Those remarks were made in a story in the Globe and Mail from November 7.
The article states that the increasing gold price is being fuelled by a weaker U.S. dollar, the dynamics of supply and demand, and a rising price in oil.
When you take into consideration the effects of inflation, gold has already passed the $1,000 mark. As a matter of fact in 1980, when you take inflation into account, the price of gold at that time would be worth more than $2,000 today.
The article can be read in its entirety by clicking on the following link: http://www.theglobeandmail.com/servlet/story/RTGAM.20071107.wrgold1107/BNStory/energy/home
AGORACOM is pleased to have brought you this Industry Report and we hope it helps you with your due diligence regarding Yukon Gold. Feel free to comment on this story or any other facet of the business pertaining to the company by taking part in the discussion forum on the Yukon Gold investor relations hub with AGORACOM at http://www.agoracom.com/ir/yukongold
Sincerely
AGORACOM Investor Relations
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