"Yes, prices of the safe haven yellow metal gold could possibly hit $2,000 per ounce, or more, in the shorter term as the precious metals gets scarce and rare to access on dwindling global production.
"Gold has been steadily on the climb the past few days, hovering a six-month high on Tuesday above $1,700 per ounce, mainly triggered by an anxious investor confidence on the continuing global fiscal crisis.
"This scenario had prompted Barrick Gold, the world's largest precious metals miner, to project gold will hit $2,000 per ounce in 2013.
"Gold could definitely surpass previous highs and go above $2,000 and even higher in the next year," Jamie Sokalsky told CNBC's 'Squawk on the Street' on Tuesday.
"But prices could later on be dictated by a declining production of the metal.
"Production is tough to improve upon," Mark Cutifani, CEO of AngloGold Ashanti, told CNBC's 'Power Lunch. ..."