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

2:40 AM ET Mon, 7 June 2010

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.