Barrick Gold’s new CEO dismisses Canada HQ debate as `hysteria’

Gold was on fire today, Thursday, August 15th.

A brief history of the gold price since the 1970s.

"The industry can either start collaborating and forming partnerships or we can continue fighting each other for a higher share of a diminishing pie.”

Silver also gained 5%.

Deal that could be worth more than $5 billion.

He sees prices for the precious metal reaching $2,400 per ounce by mid-2014.

Boosted mainly by China and india.

Gold was the ultimate guarantee of national survival.

"Due to a reduced need for hedging."