Monday, 7 Jun 2010 | 8:06 AM ET

The real move in gold is to come, predicted Egon von Gruyerz, founder of precious metals investment and storage company GoldSwitzerland.com, on Monday.

He told CNBC he sees the inflation-adjusted price of gold [XAU=X 1237.1 -0.95 (-0.08%) ] easily rising to six times its current price ($1,210) to around $7,000 an ounce in the future on normal inflation.

Adjusted for real inflation (as per shadowstats.com) the 1980 gold peak in today's prices corresponds to around $7,200 today. So gold could easily go up 6 times from the current price of $1,220 and still be within normal parameters, von Gruyerz's latest report for GoldSwitzerland.com said


more...

http:www.cnbc.comid37550457