PwC: Global companies predict a gold rush in 2011

Mining companies around the world are expected to further increase the price of gold in 2011. 82% of the gold-mining companies expect the increase of gold mining relative to projections about it spoken data of the Survey of world gold prices »PwC, the results of which has focus.ua. Almost 75% of mining companies suggest that the upward trend in gold prices will continue to IV quarter of 2011. However, the current gold price in real terms is still far from a record high in 1980. According to the survey, 70% of gold producers are planning to allocate additional funds are received on the search for new projects or expansion of existing projects to restore or replenish their stocks. The three most popular strategies are: organic growth by increasing production at existing mines (78%), organic growth at the expense of exploration in new areas (54%), as well as expansion through mergers and acquisitions (37%) . According to forecasts of gold mining companies, the peak price of gold set from 1400 to 3000 dollars is projected gold mining companies, the peak price of gold set from 1400 to 3000 U.S. dollars. per troy ounce. Even at the time of the survey, in November 2010, 40% of respondents believed that it will reach its peak at 1,500 dollars per ounce. Rise in gold prices and contributes to the concern caused by the "struggle" of currencies - primarily the U.S. dollar and euro. In world currencies, which by tradition has always held a strong position, reflected a serious lack of funds and the growing level of indebtedness. As a result, it is expected that an increasing number of countries are failing to translate foreign currency reserves in gold reserves. Resource-rich countries are likely to increase the money supply and invest in gold, to limit the growth of the value of their currencies. This measure will also help companies reduce the negative impact on those industries that are not resource-oriented. By such a strategy may also resort to the country's non-oil economies, developing at the expense of exports, as a weaker domestic currency can remain competitive export-oriented industries.