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Gold Could Hit $7,000: GoldSwitzerland.com Founder

Monday, 7 Jun 2010 | 2:40 AM ET

The "real move" in gold is to come, predicted Egon von Gruyerz, founder of GoldSwitzerland.com, Monday. He sees the inflation-adjusted price of gold rising to $7,000 an ounce in the future on inflation and tells CNBC it could go higher if the world encounters hyperinflation. "Gold is at this point not a bubble," he added.