Gold hitting $2,000 this year is "a high probability," - Wealth Managers

"I think there's a high probability" that gold could hit $2,000 this year, U.S. Global Investors CEO Frank Holmes says in a Jan. 7 CNBC interview.

"If you look at mathematical models, gold is oversold, and any time it's oversold by 15% over 12 rolling months, you usually get a rally of 15% to 20%."

On speculation that the Federal Reserve might be moving toward ending its gold-bullish quantitative-easing policy: "Let's just wait until it actually happens. ... What you're seeing from the government is this rhetoric comes out. However, they still will maintain negative real interest rates and the monetary base will expand. And as long as those two factors are driving it, then the price of gold will rise at higher levels. ... Maybe, and that's a big far-out maybe, so I would bet on still owning a small exposure to gold."

"There's still room for gold as a hedge," State Street Global Advisors exec Hon Cheung tells CNBC in a Jan. 6 interview.

"Don't forget there's still significant financial stressors out there. I think the fiscal cliff (resolution) was a relief for the market, but we still have the U.S. debt ceiling coming up; the euro situation is still an ongoing concern for investors. ... Over the long term inflation certainly will be a concern. We're seeing interest from investors thinking of ways to hedge inflation. TIPS (or Treasury Inflation-Protected Securities) has been one of those, but gold actually has been quite an effective hedge as well. ... For 2013, it's going to be very, very volatile. If you see some of these uncertainties crystallizing, you're going to see some very good gains for gold."

On the likelihood of $2,000 gold: "All it takes is another big blowup in the market and I think you'll see gold rally very strongly."