beefsteak
10th August 2011, 08:53 PM
And oldie but a goodie!!
=======================
Do You Believe? Analysts See Gold Parabolic Up to $15,000
Lorimer Wilson (http://www.resourceinvestor.com/Pages/Resource-Investor-Author.aspx?key=Lorimer%20Wilson)
Published 7/23/2010
Believe it or not but I have identified 72 economists, academics, gold analysts and market commentators who have developed rationale as to why gold could quite possibly go to a parabolic top of at least $2,500 an ounce to even as much as an unimaginable $15,000 before the bubble finally pops!
When I first began writing about such projections (http://www.resourceinvestor.com/News/2010/6/Pages/Why-Many-Analysts-See-Gold-Going-As-High-As-10000.aspx?k=Lorimer+Wilson) I was satisfied with identifying 10 individuals who were of the opinion that gold would attain a peak greater than $2,500.
That list has grown to 72 (see below) of which 44 believe that $5,000 or more for gold is likely.
I encourage you to check out their linked articles and their rationale for such high gold prices in the years (and in some cases just months) to come.
Please note: If, in checking out the list below, you find a name or two missing I would appreciate you sending me his/her name and the URL of the article in which the individual states his/her case so I can have the most comprehensive list available on the internet. To be included in the list only projections of gold achieving a parabolic top of at least $2,500 per ounce, accompanied by sound reasons, will be considered. I will provide an updated list at a later date if warranted. Send email to editor@munknee.com.
Higher than $10,000
Mike Maloney (http://goldbasics.blogspot.com/2009/09/gold-should-reach-15000-oz-mike-maloney.html): $15,000
Howard Katz (http://www.24hgold.com/english/contributor.aspx?contributor=Howard+S.+Katz&article=2241359014G10020&redirect=False): $14,000
Silver-Coin-Investor.com (http://www.silver-coin-investor.com/gold-and-silver.html): $7,000-$14,000
Jim Rickards (http://www.cnbc.com/id/34038650/Gold_s_Money_Value_is_4_000_to_11_000_Market_Strat egist): $4,000 – $11,000
Roland Watson (http://www.gold-eagle.com/editorials_05watson081605.html): $10,800 (in our lifetime)
$5,001 – $10,000
Bob Kirtley (http://www.goldeditor.com/wp-content/uploads/editorpdfsimages/Gold-Prices-at-10-000.pdf): $10,000 (by 2011)
Arnold Bock (http://www.munknee.com/2010/06/gold-going-to-parabolic-top-of-10000-by-2012-%e2%80%93-for-good-reasons/): $10,000 (by 2012)
Porter Stansberry (http://www.kitco.com/ind/stansberry/dec022009.html): $10,000 (by 2012)
Tom Fischer (http://gold.approximity.com/gold_price_models_sinclair.html): $10,000
Shayne McGuire (http://www.safehaven.com/article/9572/shayne-mcguire-the-early-innings-of-a-gold-boom): $10,000
Eric Hommelberg (http://www.gold-speculator.com/eric-hommelberg/17257-golds-inflation-adjusted-high-reaches-8000-a.html): $10,000
Gerald Celente (http://www.trendsresearch.com/forecast.html): $6,000 – $10,000
Peter (http://www.businessweek.com/magazine/content/10_23/b4181044623002.htm)Schiff (http://www.commodityonline.com/news/Gold-forecast-Jim-Rogers-Peter-Schiff-or-Roubini-23940-3-1.html): $5,000 – $10,000 (in 5 to 10 years)
Egon von Greyerz (http://www.munknee.com/2010/06/why-many-analysts-see-gold-going-as-high-as-10000/): $5,000 – $10,000
Patrick Kerr (http://www.marketwatch.com/story/a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20): $5,000 – $10,000 (by 2011)
Peter Millar (http://www.gata.org/files/PeterMillarGoldNoteMay06.pdf): $5,000 – $10,000
Alf (http://www.24hgold.com/english/news-gold-silver-gold-price-objective.aspx?contributor=Alf+Field&article=1440499960G10020&redirect=False)Field (http://www.gold-speculator.com/alf-field/7413-elliot-wave-gold-update-23-a.html): $4,250 – $10,000 (http://jsmineset.com/2009/05/10/alf-field%E2%80%99s-gold-price-predictions/)
Peter George (http://news.goldseek.com/GoldSeek/1129126809.php): $3,500 (by 2011-13); $10,000 (by 2015)
Jeff Nielson (http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=12906:the-real-truth-about-the-imfs-gold-sale&catid=48:gold-commentary&Itemid=131): $3,000 – $10,000
Dennis van Ek (http://goldnews.bullionvault.com/Goldbug/gold_price/gold_prices_could_hit_9000_per_oz_by_2015_18898034 ): $9,000 (by 2015)
James Turk (http://www.munknee.com/2010/06/where-gold-and-silver-will-be-by-2015/): $8,000 (by 2015)
Joseph Russo (http://www.financialsense.com/fsu/editorials/russo/2007/0416.html): $7,000 – $8,000
David Petch (http://www.gold-eagle.com/editorials_05/petch040105.html): $6,000 – $$8,000
Michael (http://www.marketoracle.co.uk/Article14168.html)Rozeff (http://www.lewrockwell.com/rozeff/rozeff16.html): $2,865 – $7,151
Martin Murenbeeld (http://www.dundeeprecious.com/Theme/Dundee/files/The%20Gold%20Price%20Outlook%20through%202010-%20website.pdf): $3,100 – $7,000
Dylan Grice (http://www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_R esources_Investment_Expo_In_Brisbane.htm): $6,300
Aubie Baltin (http://www.24hgold.com/english/contributor.aspx?rss=true&article=2158395926G10020&redirect=false&contributor=Aubie+Baltin): $6,000 (by 2017)
Murray Sabrin (http://www.kitco.com/ind/Sabrin/may262009.html): $6,153
Harry Schultz (http://www.moneynews.com/StreetTalk/harry-shultz-deflation-hyperinflation/2010/06/11/id/361725?s=al&promo_code=A0D6-1): $6,000
Paul van Edeen (http://paulvaneeden/Dr.murenbeelds.gold.price.forecast.for.the.coming. year): $6,000
Lawrence Hunt (http://laurencehunt.blogspot.com/2010/06/gold-invisible-bull-market.html): $5,000 - $6,000 (by 2019)
Paul Brodsky/ (http://www.gold-eage.com/editorials_08/brodsky121208pv.html)Lee Quaintance (http://gata.org/files/QBAssetManagement-07-2009.pdf): $3,000 – $6,000
$5,000
David (http://www.zerohedge.com/article/rosenberg-pattern-would-suggest-test-5000-dow-same-time-gold-5000-too)Rosenberg (http://www.investmentpostcards.com/2010/05/16/3000-gold-price-may-yet-prove-conservative-says-rosie/): $5,000
Martin (http://www.prudentbear.com/index.php/thebearslairview?art_id=10309)Hutchinson (http://www.nytimes.com/2010/05/14/business/economy/14views.html): $5,000 (by end of 2010)
Doug Casey (http://pragcap.com/is-gold-going-to-5000): $5,000
Peter Cooper (http://www.arabianmoney.net/gold-silver/2010/05/12/5000-an-ounce-in-sight-as-gold-its-new-all-time-high/): $5,000
Robert McEwen (http://www.bloomberg.com/apps/news?pid=20601082&sid=ajm6lryLYViQ): $5,000
Martin Armstrong (http://www.businessinsider.com/martin-armstrong-gold-headed-to-5000-and-beyond-2009-16): $5,000 (by 2016)
Peter Krauth (http://moneymorning.com/2010/01/14/gold-superspike): $5,000
Tim Iacono (http://seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-300-oz?source=hp): $5,000 (by 2017)
Christopher Wyke (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF1439PVhAgk): $5,000
Frank Barbera (http://www.theaureport.com/pub/na/1575): $5,000
John Lee (http://goldnews.bullionvault.com/gold_dollar_fiat_currency_fed_confidence_030320082 ): $5,000
Barry Dawes (http://www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_R esources_Investment_Expo_In_Brisbane.html): $5,000
$2,500 – $5,000
Pierre Lassonde (http://www.commodityonline.com/news/Panic-effect-could-push-Gold-to-$4000-or-$5000-11770-3-1.html): $4,000 – $5,000;
Mary Anne and Pamela Aden (http://www.adenforecast.com/articlesInterviewDetail.php?id_publicacion=19): $3,000 – $5,000 (by February 2012)
Bob Chapman (http://bobchapman.blogspot.com/2010/05/gold-will-go-to-75-and-gold-to-3000.html): $3,000 (by 2011)
Larry Edelson (http://www.uncommonwisdomdaily.com/two-mandatory-investments-9648?FIELD9=1): $2300 – $5,000 (by 2012)
Luke Burgess (http://www.wealthdaily.com/articles/gold-etfs/2409): $2,000- – $5,000
Ian Gordon/Christopher Funston (http://www.munknee.com/2010/06/the-long-wave-cycle-of-winter-is-coming/); $4,000
D.P. (http://www.stockhouse.com/Columnists/2010/Jun/8/Gold-s-next-move-could-be-parabolic)Baker (http://news.goldseek.com/GoldSeek/1272548046.php): $3,000 – $3750
Christopher Wood (http://www.bi-me.com/main.php?id=32459&t=1&c=62&cg=4&mset=1011): $3,500 (in 2010)
Adam Hamilton (http://www.commodityonline.com/futures-trading/technical/Gold-price-to-hit-$3500-by-201011-13620.html): $3,500 (by 2010-11)
Eric Roseman (http://worldcurrencywatch.com/2010/04/08/the-still-unpaid-price-of-the-global-bailout/): $2,500 – $3,500 (by 2015)
John Henderson (http://seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-2010-3000-by-2015-2017): $3,000+ (by 2015-17)
Hans Goetti (http://www.cnbc.com/id/15840232/?video=1043867279&play=1): $3,000
Michael Yorba (http://yorbatv.ning.com/forum/topic/show?id=2014856:Topic:9698): $3,000
David Tice (http://www.cnbc.com/id/34240489): $3,000 (by 2012)
David Urban (http://seekingalpha.com/article/36315-why-i-believe-gold-will-hit-3000-oz); $3,000
Michael Lambert (http://mitchell-langbert.blogspot.com/2010/06/is-ride-to-3000-gold-going-to-hit-air.html): $3,000
Brett Arends (http://online.wsj.com/article/SB10001424052748704792104575264863069565780.html): $3,000
Ambrose Evans-Pritchard (http://www.moneynews.com/StreetTalk/evans-pritchard-gold-price/2010/05/26/id/360175): $3,000
Trader Mark (http://www.ibtimes.com/articles/25200/20100526/if-gold-gld-tracks-nasdaq-housing-peaks-its-headed-to-3000-in-18-months.htm): $3,000 (by mid-2011)
John Williams (http://www.telegraph.co.uk/finance/personalfinance/investing/gold/4967209/Gold-Inflation-will-beat-deflation-and-gold-will-hit-3000.html): $3,000
Byron King (http://whiskeyandgunpowder.com/gold-is-going-to-3000-get-some-physical-gold/): $3,000
ThumbCharts.com (http://www.thumbcharts.com/1300/gold-at-3000-only-if-bubbles-repeat): $3,000
Ian McAvity (http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106419&sn=Detail&pid=102055): $2,500 – $3,000 (by 2012)
Jeff Nichols (http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=99961&sn=Detail&pid=1): $2,000 – $3,000
Graham French (http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7743787/Gold-bulls-claim-price-could-double-to-3000-in-five-years.html): $2,000 – $3,000
Sascha Opel (http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=79363&sn=Detail): $2,500+
Rick Rule (http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=107168&sn=Detail&pid=102): $2,500 (by 2013)
Daniel Brebner (http://www.midasletter.com/news/09031105_UBS-bullish-on-gold-price-nearing-2500-dollars.php): $2,500
Conclusion
There you have it. Who would have believed that so many distinguished analysts would maintain that gold and by implication, silver, (see my article (http://www.munknee.com/2010/07/silver%e2%80%99s-historical-correlation-with-gold-suggests-a-parabolic-top-as-high-as-714-per-ounce/) for details) are likely to achieve such lofty levels as a result of the effects of our current financially troubled and volatile times?
Their rationale is varied but each is sound in its own right.
I have identified 72 analysts with such views and look forward to your assistance in adding to that number. [ED: He's now revisited this June 2011, and claims he has 90 analysts in his database currently. http://www.resourceinvestor.com/News/2011/6/Pages/Updating-90-Analysts-Who-Foresee-5000ozt-or-More-Gold.aspx
If we are to put any credence whatsoever into the rationale presented by the above analysts, then it seems prudent for us to own some physical gold and silver in order to shield ourselves from future rampant inflation and currency devaluations and to ensure an outstanding return on our investment. Yes, indeed, “Got Gold?”
Lorimer Wilson is the editor of both www.FinancialArticleSummariesToday.com (http://www.financialarticlesummariestoday.com/) and www.munknee.com (http://www.munknee.com/). He can be reached by sending an email to editor@munknee.com (editor@munknee.com).
==============
I had NO idea! And this is back when gold was creasing the $1000/$1100 mark.
beefsteak
=======================
Do You Believe? Analysts See Gold Parabolic Up to $15,000
Lorimer Wilson (http://www.resourceinvestor.com/Pages/Resource-Investor-Author.aspx?key=Lorimer%20Wilson)
Published 7/23/2010
Believe it or not but I have identified 72 economists, academics, gold analysts and market commentators who have developed rationale as to why gold could quite possibly go to a parabolic top of at least $2,500 an ounce to even as much as an unimaginable $15,000 before the bubble finally pops!
When I first began writing about such projections (http://www.resourceinvestor.com/News/2010/6/Pages/Why-Many-Analysts-See-Gold-Going-As-High-As-10000.aspx?k=Lorimer+Wilson) I was satisfied with identifying 10 individuals who were of the opinion that gold would attain a peak greater than $2,500.
That list has grown to 72 (see below) of which 44 believe that $5,000 or more for gold is likely.
I encourage you to check out their linked articles and their rationale for such high gold prices in the years (and in some cases just months) to come.
Please note: If, in checking out the list below, you find a name or two missing I would appreciate you sending me his/her name and the URL of the article in which the individual states his/her case so I can have the most comprehensive list available on the internet. To be included in the list only projections of gold achieving a parabolic top of at least $2,500 per ounce, accompanied by sound reasons, will be considered. I will provide an updated list at a later date if warranted. Send email to editor@munknee.com.
Higher than $10,000
Mike Maloney (http://goldbasics.blogspot.com/2009/09/gold-should-reach-15000-oz-mike-maloney.html): $15,000
Howard Katz (http://www.24hgold.com/english/contributor.aspx?contributor=Howard+S.+Katz&article=2241359014G10020&redirect=False): $14,000
Silver-Coin-Investor.com (http://www.silver-coin-investor.com/gold-and-silver.html): $7,000-$14,000
Jim Rickards (http://www.cnbc.com/id/34038650/Gold_s_Money_Value_is_4_000_to_11_000_Market_Strat egist): $4,000 – $11,000
Roland Watson (http://www.gold-eagle.com/editorials_05watson081605.html): $10,800 (in our lifetime)
$5,001 – $10,000
Bob Kirtley (http://www.goldeditor.com/wp-content/uploads/editorpdfsimages/Gold-Prices-at-10-000.pdf): $10,000 (by 2011)
Arnold Bock (http://www.munknee.com/2010/06/gold-going-to-parabolic-top-of-10000-by-2012-%e2%80%93-for-good-reasons/): $10,000 (by 2012)
Porter Stansberry (http://www.kitco.com/ind/stansberry/dec022009.html): $10,000 (by 2012)
Tom Fischer (http://gold.approximity.com/gold_price_models_sinclair.html): $10,000
Shayne McGuire (http://www.safehaven.com/article/9572/shayne-mcguire-the-early-innings-of-a-gold-boom): $10,000
Eric Hommelberg (http://www.gold-speculator.com/eric-hommelberg/17257-golds-inflation-adjusted-high-reaches-8000-a.html): $10,000
Gerald Celente (http://www.trendsresearch.com/forecast.html): $6,000 – $10,000
Peter (http://www.businessweek.com/magazine/content/10_23/b4181044623002.htm)Schiff (http://www.commodityonline.com/news/Gold-forecast-Jim-Rogers-Peter-Schiff-or-Roubini-23940-3-1.html): $5,000 – $10,000 (in 5 to 10 years)
Egon von Greyerz (http://www.munknee.com/2010/06/why-many-analysts-see-gold-going-as-high-as-10000/): $5,000 – $10,000
Patrick Kerr (http://www.marketwatch.com/story/a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20): $5,000 – $10,000 (by 2011)
Peter Millar (http://www.gata.org/files/PeterMillarGoldNoteMay06.pdf): $5,000 – $10,000
Alf (http://www.24hgold.com/english/news-gold-silver-gold-price-objective.aspx?contributor=Alf+Field&article=1440499960G10020&redirect=False)Field (http://www.gold-speculator.com/alf-field/7413-elliot-wave-gold-update-23-a.html): $4,250 – $10,000 (http://jsmineset.com/2009/05/10/alf-field%E2%80%99s-gold-price-predictions/)
Peter George (http://news.goldseek.com/GoldSeek/1129126809.php): $3,500 (by 2011-13); $10,000 (by 2015)
Jeff Nielson (http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=12906:the-real-truth-about-the-imfs-gold-sale&catid=48:gold-commentary&Itemid=131): $3,000 – $10,000
Dennis van Ek (http://goldnews.bullionvault.com/Goldbug/gold_price/gold_prices_could_hit_9000_per_oz_by_2015_18898034 ): $9,000 (by 2015)
James Turk (http://www.munknee.com/2010/06/where-gold-and-silver-will-be-by-2015/): $8,000 (by 2015)
Joseph Russo (http://www.financialsense.com/fsu/editorials/russo/2007/0416.html): $7,000 – $8,000
David Petch (http://www.gold-eagle.com/editorials_05/petch040105.html): $6,000 – $$8,000
Michael (http://www.marketoracle.co.uk/Article14168.html)Rozeff (http://www.lewrockwell.com/rozeff/rozeff16.html): $2,865 – $7,151
Martin Murenbeeld (http://www.dundeeprecious.com/Theme/Dundee/files/The%20Gold%20Price%20Outlook%20through%202010-%20website.pdf): $3,100 – $7,000
Dylan Grice (http://www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_R esources_Investment_Expo_In_Brisbane.htm): $6,300
Aubie Baltin (http://www.24hgold.com/english/contributor.aspx?rss=true&article=2158395926G10020&redirect=false&contributor=Aubie+Baltin): $6,000 (by 2017)
Murray Sabrin (http://www.kitco.com/ind/Sabrin/may262009.html): $6,153
Harry Schultz (http://www.moneynews.com/StreetTalk/harry-shultz-deflation-hyperinflation/2010/06/11/id/361725?s=al&promo_code=A0D6-1): $6,000
Paul van Edeen (http://paulvaneeden/Dr.murenbeelds.gold.price.forecast.for.the.coming. year): $6,000
Lawrence Hunt (http://laurencehunt.blogspot.com/2010/06/gold-invisible-bull-market.html): $5,000 - $6,000 (by 2019)
Paul Brodsky/ (http://www.gold-eage.com/editorials_08/brodsky121208pv.html)Lee Quaintance (http://gata.org/files/QBAssetManagement-07-2009.pdf): $3,000 – $6,000
$5,000
David (http://www.zerohedge.com/article/rosenberg-pattern-would-suggest-test-5000-dow-same-time-gold-5000-too)Rosenberg (http://www.investmentpostcards.com/2010/05/16/3000-gold-price-may-yet-prove-conservative-says-rosie/): $5,000
Martin (http://www.prudentbear.com/index.php/thebearslairview?art_id=10309)Hutchinson (http://www.nytimes.com/2010/05/14/business/economy/14views.html): $5,000 (by end of 2010)
Doug Casey (http://pragcap.com/is-gold-going-to-5000): $5,000
Peter Cooper (http://www.arabianmoney.net/gold-silver/2010/05/12/5000-an-ounce-in-sight-as-gold-its-new-all-time-high/): $5,000
Robert McEwen (http://www.bloomberg.com/apps/news?pid=20601082&sid=ajm6lryLYViQ): $5,000
Martin Armstrong (http://www.businessinsider.com/martin-armstrong-gold-headed-to-5000-and-beyond-2009-16): $5,000 (by 2016)
Peter Krauth (http://moneymorning.com/2010/01/14/gold-superspike): $5,000
Tim Iacono (http://seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-300-oz?source=hp): $5,000 (by 2017)
Christopher Wyke (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF1439PVhAgk): $5,000
Frank Barbera (http://www.theaureport.com/pub/na/1575): $5,000
John Lee (http://goldnews.bullionvault.com/gold_dollar_fiat_currency_fed_confidence_030320082 ): $5,000
Barry Dawes (http://www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_R esources_Investment_Expo_In_Brisbane.html): $5,000
$2,500 – $5,000
Pierre Lassonde (http://www.commodityonline.com/news/Panic-effect-could-push-Gold-to-$4000-or-$5000-11770-3-1.html): $4,000 – $5,000;
Mary Anne and Pamela Aden (http://www.adenforecast.com/articlesInterviewDetail.php?id_publicacion=19): $3,000 – $5,000 (by February 2012)
Bob Chapman (http://bobchapman.blogspot.com/2010/05/gold-will-go-to-75-and-gold-to-3000.html): $3,000 (by 2011)
Larry Edelson (http://www.uncommonwisdomdaily.com/two-mandatory-investments-9648?FIELD9=1): $2300 – $5,000 (by 2012)
Luke Burgess (http://www.wealthdaily.com/articles/gold-etfs/2409): $2,000- – $5,000
Ian Gordon/Christopher Funston (http://www.munknee.com/2010/06/the-long-wave-cycle-of-winter-is-coming/); $4,000
D.P. (http://www.stockhouse.com/Columnists/2010/Jun/8/Gold-s-next-move-could-be-parabolic)Baker (http://news.goldseek.com/GoldSeek/1272548046.php): $3,000 – $3750
Christopher Wood (http://www.bi-me.com/main.php?id=32459&t=1&c=62&cg=4&mset=1011): $3,500 (in 2010)
Adam Hamilton (http://www.commodityonline.com/futures-trading/technical/Gold-price-to-hit-$3500-by-201011-13620.html): $3,500 (by 2010-11)
Eric Roseman (http://worldcurrencywatch.com/2010/04/08/the-still-unpaid-price-of-the-global-bailout/): $2,500 – $3,500 (by 2015)
John Henderson (http://seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-2010-3000-by-2015-2017): $3,000+ (by 2015-17)
Hans Goetti (http://www.cnbc.com/id/15840232/?video=1043867279&play=1): $3,000
Michael Yorba (http://yorbatv.ning.com/forum/topic/show?id=2014856:Topic:9698): $3,000
David Tice (http://www.cnbc.com/id/34240489): $3,000 (by 2012)
David Urban (http://seekingalpha.com/article/36315-why-i-believe-gold-will-hit-3000-oz); $3,000
Michael Lambert (http://mitchell-langbert.blogspot.com/2010/06/is-ride-to-3000-gold-going-to-hit-air.html): $3,000
Brett Arends (http://online.wsj.com/article/SB10001424052748704792104575264863069565780.html): $3,000
Ambrose Evans-Pritchard (http://www.moneynews.com/StreetTalk/evans-pritchard-gold-price/2010/05/26/id/360175): $3,000
Trader Mark (http://www.ibtimes.com/articles/25200/20100526/if-gold-gld-tracks-nasdaq-housing-peaks-its-headed-to-3000-in-18-months.htm): $3,000 (by mid-2011)
John Williams (http://www.telegraph.co.uk/finance/personalfinance/investing/gold/4967209/Gold-Inflation-will-beat-deflation-and-gold-will-hit-3000.html): $3,000
Byron King (http://whiskeyandgunpowder.com/gold-is-going-to-3000-get-some-physical-gold/): $3,000
ThumbCharts.com (http://www.thumbcharts.com/1300/gold-at-3000-only-if-bubbles-repeat): $3,000
Ian McAvity (http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106419&sn=Detail&pid=102055): $2,500 – $3,000 (by 2012)
Jeff Nichols (http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=99961&sn=Detail&pid=1): $2,000 – $3,000
Graham French (http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7743787/Gold-bulls-claim-price-could-double-to-3000-in-five-years.html): $2,000 – $3,000
Sascha Opel (http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=79363&sn=Detail): $2,500+
Rick Rule (http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=107168&sn=Detail&pid=102): $2,500 (by 2013)
Daniel Brebner (http://www.midasletter.com/news/09031105_UBS-bullish-on-gold-price-nearing-2500-dollars.php): $2,500
Conclusion
There you have it. Who would have believed that so many distinguished analysts would maintain that gold and by implication, silver, (see my article (http://www.munknee.com/2010/07/silver%e2%80%99s-historical-correlation-with-gold-suggests-a-parabolic-top-as-high-as-714-per-ounce/) for details) are likely to achieve such lofty levels as a result of the effects of our current financially troubled and volatile times?
Their rationale is varied but each is sound in its own right.
I have identified 72 analysts with such views and look forward to your assistance in adding to that number. [ED: He's now revisited this June 2011, and claims he has 90 analysts in his database currently. http://www.resourceinvestor.com/News/2011/6/Pages/Updating-90-Analysts-Who-Foresee-5000ozt-or-More-Gold.aspx
If we are to put any credence whatsoever into the rationale presented by the above analysts, then it seems prudent for us to own some physical gold and silver in order to shield ourselves from future rampant inflation and currency devaluations and to ensure an outstanding return on our investment. Yes, indeed, “Got Gold?”
Lorimer Wilson is the editor of both www.FinancialArticleSummariesToday.com (http://www.financialarticlesummariestoday.com/) and www.munknee.com (http://www.munknee.com/). He can be reached by sending an email to editor@munknee.com (editor@munknee.com).
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I had NO idea! And this is back when gold was creasing the $1000/$1100 mark.
beefsteak