Gold Should Hit $3000 In Two Years: David Tice

The Daily Doom has a brief report on an argument made on CNBC by a strategist, David Tice, on why gold should go to US$3000/oz in two years. He's assuming that developing countries will up their gold reserves five percentage points above the current 2.2%. Developed countries have about 38% of their reserves in gold.


His argument may not provide much comfort now, given what the jobs report has done for the U.S. dollar and to gold.