Is gold still heading for $1,000 an ounce?

The gold price has rocketed this year, and is now already more than halfway to $1,000 an ounce – a level that seemed laughable to most investment commentators even just a year ago. But some experts are now warning that there is no fundamental supply and demand case for investing in gold at these prices. So, asks Martin Spring in the On Target newsletter, can gold’s gains continue – and if so, how much gold should you have in your portfolio?

Less than four years ago, in one of the first issues of this newsletter, when gold was trading at about $313 an ounce and only favoured as an investment by a few enthusiasts, I explained "why gold is heading for $1,000."

Now we're already halfway to that target, and the yellow metal is starting to attract the attention of the wider investment community.

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