$5,000 Gold: Who's Missing From This List of Peak Price Prognosticators?

86 Analysts Believe Gold Will Go to $5,000 – or More!

126 economists, academics, gold analysts and market commentators have been identified as maintaining that gold will reach a parabolic peak price of at least $2,500 a troy ounce (ozt) before the bubble finally pops! Of those 126 prognosticators 86 – yes, 86 – believe gold will reach a high of $5,000 ozt; 52 of those maintain that a price in excess of $5,000 ozt is more likely. It would seem it is still not too late to buy into this gold (and silver) bull run. Words: 820

Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and  www.munKNEE.com, identifies the 126 analysts below by name with their price projections and time  frame. Please note that this complete paragraph, and a link back to the original article*, must be included in any article posting or re-posting to avoid copyright infringement. 

For an updated list of such prgnosticators (now 133 analysts in total of which 90 predict a price of $5,000/ozt. or higher)  please go to: https://www.munknee.com/2011/06/update-these-90-analysts-believe-gold-will-go-to-5000ozt-or-more/ 

Editor’s Note: If you find a name or two missing from the list below I would appreciate you sending me his/her name and the URL of the article in which the individual states his/her case to editor@munKNEE.com  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 troy ounce (for an excellent article on gold karats and troy ounces go here.), accompanied by sound reasons, will be included in the revised list.

These 7 Analysts See Gold Going Parabolic to +$10,000

1. Mike Maloney: $15,000;
2. Ben Davies: $10,000 – $15,000;  
3. Howard Katz: $14,000;
4. Jeffrey Lewis: $7,000-$14,000;
5. Jim Rickards: $4,000 – $11,000;
6. Roland Watson: $10,800;
7. Goldrunner: $10,000 – $12,000

These 46 Analysts See Gold Price Peaking Between $5,001 and $10,000

1. Bob Kirtley: $10,000 (by 2011);
2. Arnold Bock: $10,000 (by 2012);
3. Porter Stansberry: $10,000 (by 2012);
4. Peter George: $10,000 (by 2015);
5. Tom Fischer: $10,000;
6. Shayne McGuire: $10,000;
7. Eric Hommelberg: $10,000;
8. David Petch: $6,000 – $10,000;  
9. Gerald Celente: $6,000 – $10,000;
10. Egon von Greyerz: $6,000 – $10,000;
11. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
12. Patrick Kerr: $5,000 – $10,000 (by 2011);
13. Peter Millar: $5,000 – $10,000;
14. Roger Wiegand: $5,000 – $10,000;
15. Alf Field: $4,250 – $10,000;
16. Jeff Nielson: $3,000 – $10,000;
17. Dennis van Ek: $9,000 (by 2015);
18. Dominic Frisby: $8,000;
19. Paul Brodsky: $8,000;  
20. James Turk: $8,000 (by 2015);
21. Joseph Russo: $7,000 – $8,000;
22. Bob Chapman: $7,700;                        
23. Michael Rozeff: $2,865 – $7,151;
24. Jim Willie: $7,000;
25. Dylan Grice: $6,300;
26. Chris Mack: $6,241.64 (by 2015);
27. Chuck DiFalco: $6,214 (by 2018);                                                        
28. Jeff Clark: $6,214;                                                                                          
29. Aubie Baltin: $6,200 (by 2017);
30. Murray Sabrin: $6,153;                                                                                                      
31. Adam Hamilton: $6,000+;                                                     
32. Samuel “Bud” Kress: $6,000 (by 2014);
33. Robert Kientz: $6,000;
34. Harry Schultz: $6,000;
35. John Bougearel: $6,000;
36. David Tice: $5,000 – $6,000;
37. Laurence Hunt: $5,000 – $6,000 (by 2019);
38. Taran Marwah: $3,000 – $6,000+ (by Dec. 2011 and Dec.2012, respectively);       
39. Martin Hutchinson: $3,100 – $5,700;
40. Stephen Leeb: $5,500 (by 2015);
41. Louise Yamada: $5,200;
42. Jeremy Charlesworth: $5,000+;
43. Przemyslaw Radomski: $5,000+;
44. Jason Hamlin: $5,000+;
45. Greg McCoach: $5,000+ (by 2012);
46. David McAlvany: $5,000+                                   

Cumulative sub-total: 53

Sign up for your FREE weekly “Top 100 Stock Index, Asset Ratio & Economic Indicators in Review”

These 33 Analysts Believe Gold Price Could Go As High As $5,000

1. David Rosenberg: $5,000;
2. Doug Casey: $5,000;
3. Peter Cooper: $5,000;
4. Robert McEwen: $5,000; (by 2012 – 2014)
5. Martin Armstrong: $5,000 (by 2016);
6. Peter Krauth: $5,000;
7. Tim Iacono: $5,000 (by 2017);
8. Christopher Wyke: $5,000;
9. Frank Barbera: $5,000;
10. John Lee: $5,000;
11. Barry Dawes: $5,000;              
12. Bob Lenzer: $5,000 (by 2015);
13. Steve Betts: $5,000;
14. Stewart Thomson: $5,000;
15. Charles Morris: $5,000 (by 2015);
16. Marvin Clark: $5,000 (by 2015);
17. Eric Sprott: $5,000;
18. Nathan Narusis: $5,000;
19. Bud Conrad: $4,000 – $5,000;
20. Paul Mylchreest: $4,000 – $5,000;
21. Pierre Lassonde: $4,000 – $5,000;
22. Willem Middelkoop: $4,000 – $5,000;
23. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);
24. James Dines: $3,000 – $5,000 (in June 2011);
25. Bill Murphy: $3,000 – $5,000;
26. Bill Bonner: $3,000 – $5,000;
27. Peter Degraaf: $2,500 – $5,000;
28. Eric Janszen: $2,500 – $5,000;
29. Larry Jeddeloh: $2,300 – $5,000 (by 2013);
30. Larry Edelson: $2,300 – $5,000 (by 2015);
31. Luke Burgess: $2,000 – $5,000;
32. Jim Sinclair: $3,000 – $5,000 (by June/11);
33. Marc Faber: $1,500 – $5,000                                                    

Cumulative sub-total: 86

28 Analysts Believe Gold Will Go Up to Between $3,000 and $4,999

1. David Moenning: $4,525;                                                                                                          
2. Larry Reaugh: $4,000+;                                                                                       
3. Mike Knowles: $4,000;
4. Ian Gordon/Christopher Funston: $4,000;
5. Barry Elias: $4,000; (by 2020);                                                              
6. Jay Taylor: $3,000 – $4,000;                                     
7. Christian Barnard: $2,500 – $4,000;
8. John Paulson: $2,400 – $4,000 (by 2012);
9. Myles Zyblock: $3,800;
10. Eric Roseman: $2,500 – $3,500 (by 2015);
11. Christopher Wood: $3,360;                                                                                                   
12. Franklin Sanders: $3,130;                                                                              
13. John Henderson: $3,000+ (by 2015 – 17);
14. Michael Berry: $3,000+ (by 2015);                                                                                   
15. Hans Goetti: $3,000;
16. Michael Yorba: $3,000;
17. David Urban; $3,000;
18. Mitchell Langbert: $3,000;
19. Brett Arends: $3,000;
20. Ambrose Evans-Pritchard: $3,000;
21. John Williams: $3,000;
22. Byron King: $3,000;
23. Ron Paul: $3,000 (by 2020);                                                                                                              
24. Chris Weber: $3,000 (by 2020);                                                                                                           
25. Mark Leibovit: $3,000;                                                                                                                     
26. Mark O’Byrne: $3,000;                                                                                                                   
27. Kevin Kerr: $3,000;  
28. Frank Holmes: $3,000                                                               

Cumulative sub–total: 114

These 12 Analysts Believe Gold Will Go to Between $2,500 and $3,000                    

1. Ian McAvity: $2,500 – $3,000 (by 2012);
2. Jeff Nichols: $2,000 – $3,000;
3. Graham French: $2,000 – $3,000;                                                                                                                          
4. Bank of America Merrill Lynch: $2,000 – $3,000;                                                 
5. Joe Foster: $2,000 – $3,000 (by 2019);                     
6. David Morgan: $2,900;                                            
7. Sascha Opel: $2,500+;
8. Rick Rule: $2,500 (by 2013);
9. Daniel Brebner: $2,500;              
10. James DiGeorgia: $2,500;                
11. Peter Hambro: $2,500 (by 2012);                                                                        
12. Charles Nenner: $2,500 (by 2012 – 13)

Grand Total: 126

Conclusion

There you have it. Who would have believed that so many distinguished analysts would maintain that gold and by implication, silver,  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 126 analysts with such views and look forward to your assistance in adding to that number.

If we are to put any credence whatsoever into the rationale presented by the above analysts then it seems prudent 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.

Editor’s Note:

• The above article consists of reformatted edited excerpts from the original for the sake of brevity, clarity and to ensure a fast and easy read. The author’s views and conclusions are unaltered.
• Permission to reprint in whole or in part is gladly granted, provided full credit is given as per paragraph 2 above.
• Sign up to receive every article posted via Twitter, Facebook, RSS Feed or our FREE Weekly Newsletter.

Gold