Where Will Gold Prices They Finish 2011 ?

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Where Will Gold Prices They Finish 2011 ?

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Mark Bristow, chief executive officer of Randgold Resources(GOLD_), is also betting on a price target of $1,500.

"But you have to look at the cost it comes with," said Bristow. "Because in a rising gold price in dollar terms it means the rest of the world is getting more and more stressed."

Nick Holland, CEO of Gold Fields(GFI_) declined to give his forecast for a high, but believes a solid floor for prices has been set.

"What I would say to you is with the overall cost of production being around $1,000 an ounce, I think that represents a good floor for the gold price," said Holland. "Gold is still underperforming the oil price if you look at the long term relationship ... and if oil goes up further I do believe that's a possibility for gold to increase."

Chuck Jeannes, CEO of Goldcorp(GG_), said reaching $1,500 an ounce is "easily achievable." Jeannes said its important to consider highs adjusted for inflation, which could push the price as high as $2,300.

"Gold will ultimately go above $2,000 and I think its going to go in steps so I could see $1,600 this year, which means $40 to $45 silver," said Sean Boyd, CEO of Agnico-Eagle(AEM_)

Mark Cutifani, CEO of AngloGold Ashanti(AU_), expects gold to trade between $1,300 and $1,500. Aaron Regent, CEO of Barrick Gold(ABX_) also said he believes the "forward curve would suggest a gold price in the $1,500 range."

CEO of U.S. Gold(UXG_), Rob McEwen, says gold prices will hit $5,000 an ounce in 4-5 y

In GFMS' Gold Survey for 2011, chairman Philip Klapwijk says that gold prices will hit $1,600 before the end of the year. "Investors continue to be concerned about the outlook for inflation, with governments in general showing little appetite to tighten monetary policy significantly."

Now that the experts have weighed in, we'd like to know what you think. Take our poll and find out where readers of TheStreet think gold prices will finish in 2011.