Egon von Greyerz, founder of Goldswitzerland.com (Matterhorn Asset Management) and member of the board of directors of Goldbroker.com, on CNBC in June 2010.
The real increase in the price of gold is yet to come according to Egon von Greyerz. It states that the price of gold adjusted for inflation since 1980 is expected to be around $7000 per ounce, and it could go even higher if we face a period of hyperinflation in the future. He also explains that gold is not in a bubble, not overbought, because most asset managers, pension funds, investors and individuals don't own gold.
The price of gold was $1,216 at the time of interview : See the price of gold in real time