munKNEE.com Your Key to Making Money
Believe it or not but I have identified 123 economists, academics, gold analysts and market commentators who have developed sound 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! Words: 705
Lorimer Wilson, Editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com, identifies the 123 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.
When I first began writing about such projections (http://www.munknee.com/2010/06/why-many-analysts-see-gold-going-as-high-as-10000/) I was satisfied with identifying 10 individuals who were of the opinion that gold would attain a peak of $2,500 or more. That list has grown to 123 (see below) of which 84 believe that $5,000 or more for gold is likely.
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Please Note: That list of 123 analysts is now up to 133 and counting. To get the up-to-date article please go here
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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 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.
These 6 Analysts See Gold Going Parabolic to +$10,000
- Mike Maloney: $15,000;
www.goldbasics.blogspot.com/2009/09/gold-should-reach-15000-oz-mike-maloney.html - Ben Davies: $10,000 – $15,000;
www.thedailygold.com/commentaries/hinde-capitals-ben-davies-on-the-gold-market/?p=3905 - Howard Katz: $14,000; www.24hgold.com/english/contributor.aspxcontributor=Howard+S.+Katz&article=2241359014G10020&redirect=False
- Dr. Jeffrey Lewis: $7,000-$14,000;
www.silver-coin-investor.com/gold-and-silver.html - Jim Rickards: $4,000 – $11,000;
www.cnbc.com/id/34038650/Gold_s_Money_Value_is_4_000_to_11_000_Market_Strategist - Roland Watson: $10,800;
www.goldeagle.com/editorials_05/watson081605.html
These 45 Analysts See Gold price Peaking Between $5,001 and $10,000
- Bob Kirtley: $10,000 (by 2011);
www.goldeditor.com/wp-content/uploads/editorpdfsimages/Gold-Prices-at-10-000.pdf - Arnold Bock: $10,000 (by 2012);
www.munknee.com/2010/06/gold-going-to-parabolic-top-of-10000-by-2012-%e2%80%93-for-good-reasons/ - Porter Stansberry: $10,000 (by 2012); www.kitco.com/ind/stansberry/dec022009.html
- Peter George: $10,000 (by 2015); www.news.goldseek.com/GoldSeek/1129126809.php
- Tom Fischer: $10,000;
www.gold.approximity.com/gold_price_models_sinclair.html - Shayne McGuire: $10,000;
www.munknee.com/2011/01/mcguire-10000-gold-is-a-distinct-possibility-heres-why - Eric Hommelberg: $10,000;
www.gold-speculator.com/eric-hommelberg/17257-golds-inflation-adjusted-high-reaches-8000-a.html - David Petch: $6,000 – $10,000; www.financialsense/fsu/editorials/petch/2008/0304b.html
- Gerald Celente: $6,000 – $10,000;
www.trendsresearch.com/forecast.html - Egon von Greyerz: $6,000 – $10,000;
www.munknee.com/2011/01/hyperinflation-will-drive-gold-to-10000/ - Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
www.businessweek.com/magazine/content/10_23/b4181044623002.htm www.commodityonline.com/news/Gold-forecast-Jim-Rogers-Peter-Schiff-or-Roubini-23940-3-1.html - Patrick Kerr: $5,000 – $10,000 (by 2011);
www.marketwatch.com/story//a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20 - Peter Millar: $5,000 – $10,000;
www.gata.org/files/PeterMillarGoldNoteMay06.pdf - Roger Wiegand: $5,000 – $10,000;
www.traderrog.wordpress.com/2010/08/23/how-high-can-gold-go/ - Alf Field: $4,250 – $10,000;
www.24hgold.com/english/news-gold-silver-gold-price-objective.aspx?contributor=Alf+Field&article=1440499960G10020&redirect=False www.gold-speculator.com/alf-field/7413-elliot-wave-gold-update-23-a.html www.jsmineset.com/2009/05/10/alf-field%E2%80%99s-gold-price-predictions/ - Jeff Nielson: $3,000 – $10,000;
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 - Dennis van Ek: $9,000 (by 2015);
www.goldnews.bullionvault.com/Goldbug/gold_price/gold_prices_could_hit_9000_per_oz_by_2015_18898034 - Dominic Frisby: $8,000; www.moneyweek.com/investments/precious-metals-and-gems/why-they-could-reach-8500-an-ounce.aspx
- Paul Brodsky: $8,000; www.wildfirestocks/2010/11/brodsky-on-gold
- James Turk: $8,000 (by 2015);
www.munknee.com/2010/06/where-gold-and-silver-will-be-by-2015/ - Joseph Russo: $7,000 – $8,000;
www.financialsense.com/fsu/editorials/russo/2007/0416.html - Michael Rozeff: $2,865 – $7,151;
www.marketoracle.co.uk/Article14168.html www.lewrockwell.com/rozeff/rozeff16.html - Martin Murenbeeld: $3,100 – $7,000;
www.dundeeprecious.com/Theme/Dundee/files/The%20Gold%20Price%20Outlook%20through%202010-%20website.pdf - Jim Willie: $7,000; www.silver-investor.com/blog/silver-investor-bloggers-gold/hidden-dollar-swap-hammer-by-jim-willie-cb/
- Dylan Grice: $6,300;
www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_Resources_Investment_Expo_In_Brisbane.html - Chris Mack: $6,241.64 (by 2015); www.munknee.com/2010/09/how-realistic-is-5000-gold/
- Chuck DiFalco: $6,214 (by 2018);
www.financialsensearchive.com/fsu/editorials/difalco/2009/1124.html - Jeff Clark: $6214; www.caseyresearch.com/editorial/3614?ppref=CRX192ED0810D
- Aubie Baltin: $6,200 (by 2017);
www.24hgold.com/english/contributor.aspx?rss=true&article=2158395926G10020&redirect=false&contributor=Aubie+Baltin - Murray Sabrin: $6,153;
www.kitco.com/ind/Sabrin/may262009.html - Adam Hamilton: $6,000+; www.zealllc.com/2002/golddefy.htm
- Samuel “Bud” Kress: $6,000 (by 2014) www.clifdroke.com/articles/jul10/071910/071910.html
- Robert Kientz: $6,000; www.seekingalpha.com/instablog/410007-robert-kientz/91151-gold-and-silver-market-suppression-failures-flash-buy-signals-part-4
- Harry Schultz: $6,000;
www.moneynews.com/StreetTalk/harry-shultz-deflation-hyperinflation/2010/06/11/id/361725?s=al&promo_code=A0D6-1 - John Bougearel: $6,000; www.benzinga.com/print/490392
- David Tice: $5,000 – $6,000; www.moneynews.com/PrintTemplatenodeid=378538
- Laurence Hunt: $5,000 – $6,000 (by 2019);
www.laurencehunt.blogspot.com/2010/06/gold-invisible-bull-market.html - Taran Marwah: $3,000 – $6,000+ (by Dec. 2011 and Dec.2012, respectively)
www.afund.com/afundindia.html - Martin Hutchinson: $3,100 – $5,700;
www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=104836&sn=Detail&pid=102055 - Stephen Leeb: $5,500 (by 2015); www.goldsurvivalguide.co.nz/stephen-leeb-5-year-gold-price-target-5500/
- Louise Yamada: $5,200; www.blanchardonline.com/investing-news-blog/ecvon.php?article=1431
- Jeremy Charlesworth: $5,000+; www.telegraph.co.uk/finance/personalfinance/investing/gold/7803924/Silver-will-outperform-gold.html
- Przemyslaw Radomski: $5,000+; www.marketoracle.co.uk/Article22629.html
- Jason Hamlin: $5,000+; www.goldstockbull.com/articles/time-to-sell-gold-stocks
- Greg McCoach:$5,000+ (by 2012); www.wealthdaily.com/articles/the-us-dollar-will-collapse-in 24-months/2886
Cumulative sub-total: 51
These 32 Analysts Believe Gold Price Could Go As High As $5,000
- David Rosenberg: $5,000; www.zerohedge.com/article/rosenberg-pattern-would-suggest-test-5000-dow-same-time-gold-5000-too www.investmentpostcards.com/2010/05/16/3000-gold-price-may-yet-prove-conservative-says-rosie/
- Doug Casey: $5,000; www.pragcap.com/is-gold-going-to-5000
- Peter Cooper: $5,000; www.arabianmoney.net/gold-silver/2010/05/12/5000-an-ounce-in-sight-as-gold-its-new-all-time-high/
- Robert McEwen: $5,000; (by 2012 – 2014) www.bloomberg.com/apps/news?pid=20601082&sid=ajm6lryLYViQ
- Martin Armstrong: $5,000 (by 2016); www.businessinsider.com/martin-armstrong-gold-headed-to-5000-and-beyond-2009-11
- Peter Krauth: $5,000; www.moneymorning.com/2010/01/14/gold-superspike
- Tim Iacono: $5,000 (by 2017); www.seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-300-oz?source=hp
- Christopher Wyke: $5,000; www.bloomberg.com/apps/news?pid=newsarchive&sid=aF1439PVhAgk
- Frank Barbera: $5,000; www.theaureport.com/pub/na/1575
- John Lee: $5,000; www.goldnews.bullionvault.com/gold_dollar_fiat_currency_fed_confidence_030320082
- Barry Dawes: $5,000; www.abnnewswire.net/press/en/63123
- Bob Lenzer: $5,000 (by 2015); www.video.forbes.com/fvn/streettalk/gold-5000-an-ounce-in-5-years
- Steve Betts: $5,000; www.marketoracle.co.uk/Article22697.html
- Stewart Thomson: $5,000; www.321gold.com/editorials/thomson_sthomson_s_091410.html
- Charles Morris: $5,000 (by 2015); www.businessweek.com/news/2010-03-01/soros-signals-gold-bubble-as-goldman-predicts-record-update1-html
- Marvin Clark: $5,000 (by 2015); www.seekingalpha.com/article/221514-will-the-price-of-gold-reach-5000
- Eric Sprott: $5,000; www.goldalert.com/2010/11/sprott-could-imagine-5000-gold
- Bud Conrad: $4,000 – $5,000; www.online.wsj.com/article/SB10001424052748704792104575264863069565780.html
- Paul Mylchreest: $4,000 – $5,000; www.gata.org/files/RedburnPartnersGoldReport_11-12-2007.pdf
- Pierre Lassonde: $4,000 – $5,000; www.commodityonline.com/news/Panic-effect-could-push-Gold-to-$4000-or-$5000-11770-3-1.html
- Willem Middelkoop: $4,000 – $5,000; www.youtube.com/watch?v=lvFSyS985I8
- Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012); www.adenforecast.com/articlesInterviewDetail.php?id_publicacion=19
- James Dines: $3,000 – $5,000 (in June 2011); www.commodityonline.com/news/James-Dines-Dig-gold-out-of-rare-earths-24391-3-1.html
- Goldrunner: $3,000 – $5,000 (by 2012); www.gold-eagle.com/editorials/08/goldrunner022308pv.html
- Bill Murphy: $3,000 – $5,000; www.gata.org/8960
- Bill Bonner: $3,000 – $5,000; www.equitymaster.com/dailyreckoning/detail.asp?date=9/30/2010&story=1
- Peter Degraaf: $2,500 – $5,000; www.kitco.com/ind/degraaf/sep182008.html
- Eric Janszen: $2,500 – $5,000; www.itulip.com/forums/showthread.php/15580-Before-the-FIRE-Gold-Update-Is-1-237-the-new-720-Eric-Janszen?s=e262248557652f4215a3f903694790d4
- Larry Edelson: $2,300 – $5,000 (by 2015); www.munknee.com/2010/08/gold-will-go-to-5000-and-the-dow-to-above-27000-by-2015/
- Luke Burgess: $2,000 – $5,000; www.wealthdaily.com/articles/gold-etfs/2409
- Jim Sinclair: $1,650 – $5,000 ($1,650 by Jan. 14/11 OR $3,000 – $5,000 by June/11); www.arabianmoney.net/gold-silver/2010/09/08/jmsinclair-on-why-gold-is-going-to-1650-by-early-january
- Marc Faber: $1,500 – $5,000 www.goldnews.bullionvault.com/gold_marc_faber_010420102
Cumulative sub-total: 83
These 28 Analysts Believe Gold Will Achieve a Parabolic Peak Price Between $3,000 and $4,999
- David Moenning: $4,525; www.seekingalpha.com/article/23930-the-big-picture-is-gold-going-to-4-500
- Mike Knowles: $4,000; www.stockmarketweekly.com/newsletters/1546-what-is-the-kondratieff-cycle-telling-us-now%20/
- Ian Gordon/Christopher Funston: $4,000;
www.munknee.com/2010/06/the-long-wave-cycle-of-winter-is-coming/ - Jay Taylor: $3,000 – $4,000;
www.thedailybell.com/413/Jay-Taylor-deflation-inflation-hyperinflation.html - Christian Barnard: $2,500 – $4,000; www.financialpost.com/Gold+bull+could+another+months/3872891/story.html
- John Paulson: $2,400 – $4,000 (by 2012); www.goldalert/2010/09/gold-price-4000-paulson/
- Myles Zyblock: $3,800; www.munknee.com/2010/11/mania-territory-for-gold-is-coming-soon/
- Eric Roseman: $2,500 – $3,500 (by 2015);
www.worldcurrencywatch.com/2010/04/08/the-still-unpaid-price-of-the-global-bailout/ - Christopher Wood: $3,360;
www.marketoracle.co.uk/Article12906.html11 - Franklin Sanders: $3,130; www.the.moneychanger.com/daily/DailyFile5.htm
- John Henderson: $3,000+ (by 2015-17);
www.seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-2010-3000-by-2015-2017 - Michael Berry: $3,000+ (by 2015); www.mineweb.com/mineweb/view/mineweb/en/page32oid=113595&sn=Detail
- Hans Goetti: $3,000;
www.cnbc.com/id/15840232/?video=1043867279&play=1 - Michael Yorba: $3,000;
www.yorbatv.ning.com/forum/topic/show?id=2014856%3ATopic%3A9698 - David Urban; $3,000;
www.seekingalpha.com/article/36315-why-i-believe-gold-will-hit-3000-oz - Mitchell Langbert: $3,000;
www.mitchell-langbert.blogspot.com/2010/06/is-ride-to-3000-gold-going-to-hit-air.html - Brett Arends: $3,000;
www.online.wsj.com/article/SB10001424052748704792104575264863069565780.html - Ambrose Evans-Pritchard: $3,000;
www.moneynews.com/StreetTalk/evans-pritchard-gold-price/2010/05/26/id/360175 - John Williams: $3,000;
www.telegraph.co.uk/finance/personalfinance/investing/gold/4967209/Gold-Inflation-will-beat-deflation-and-gold-will-hit-3000.html - Byron King: $3,000;
www.whiskeyandgunpowder.com/gold-is-going-to-3000-get-some-physical-gold/ - Bob Chapman: $3,000 (by 2011);
www.bobchapman.blogspot.com/2010/05/gold-will-go-to-75-and-gold-to-3000.html - Ron Paul: $3,000 (by 2020); www.online.wsj.com/article/SB10001420452970203917304574415193376917198.html
- Chris Weber: $3,000 (by 2020);
www.kitco.com/ind/Weber/dec052006.html - Mark Leibovit: $3,000; http://www.moneyshow.com/investing/articles.asp?aid=GURU-18082&scode=016208
- Ian McAvity: $2,500 – $3,000 (by 2012);
www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106419&sn=Detail&pid=102055 - Jeff Nichols: $2,000 – $3,000;
www.mineweb.com/mineweb/view/mineweb/en/page34?oid=99961&sn=Detail&pid=1 - Graham French: $2,000 – $3,000;
www.telegraph.co.uk/finance/personalfinance/investing/gold/7743787/Gold-bulls-claim-price-could-double-to-3000-in-five-years.html - Joe Foster: $2,000 – $3,000 (by 2019);
www.thegoldbubble.blogspot.com/2010/07/joe-foster-gold-above-3000-in-couple-of.html - Sascha Opel: $2,500+;
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=79363&sn=Detail - Rick Rule: $2,500 (by 2013);
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=107168&sn=Detail&pid=102 - Daniel Brebner: $2,500;
www.midasletter.com/news/09031105_UBS-bullish-on-gold-price-nearing-2500-dollars.php
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 83 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 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?”
Editor’s Note:
- Permission to reprint in whole or in part is gladly granted, provided full credit is given as per paragraph 2 above.
> To: editor@munknee.com
>
> Your essay about gold’s worth in U.S. dollars mainly shows that it is
> any ones guess as to how worthless fiat money will be at some future
> date. That it will be more worthless than at present is a given.
>
> Gold, however, remains the same-it is the measurement thereof that
> changes. Since there is no finite measuring stick the speculation is
> really about the relative confidence in fiat money with the passage of
> time.
>
> All fiat money decreases in value toward zero. As confidence varies
> so does that value- which merely reflects the speed at which said
> value approaches zero.
>
> Your 72 man poll is really their guesses as to how fast confidence
> will be lost-I have sure as hell lost mine!
>
> Thanks, jack
From: LilTree4
To: editor@munknee.com
Jim Sinclair
Peter Grandich
Roger Wiegand
From: Lorimer Wilson
To: liltree4
Jim Sinclair: $1,650 (not on list because below set minimum of $2,500)
Peter Grandich: gold going higher but he is not specific as to future price
Roger Weiland: silver going to a minimum of $50 but no set price for gold
Thanks for your interest.
From: bmhudson
To: editor@munknee.com
Dear Sir,
I found your article…interesting, and not surprising. You have asked if there was maybe a name missing from the list. I would like to know what Peter Grandich is thinking. I do beleive he is maybe the canary in the mine when it comes to these types of predictions. Also, I would like to add, as much as I respect James Turk and Mary Anne and Pamela Aden, why the big spread between the two? I look forward to hearing from you.
Regards
Bruce
While Grandich says gold is going higher he is care not to give a specific prediction. If he ever does i will be sure to add it to the list.
As for the variance between the Aden sisters and Turk I can not determine exactly why the discrepancy. For that matter I don’t know why such projections are so great with all the others either.
From: edtano
To: editor@munknee.com
L Wilson
I think the most important and accurate Gold outlook is the one by Martin Armstrong. I have followed him for years and still do even while he is in prison. He still writes current reports from prison. His story is a very sad story in America. You can find his latest reports on http://www.martinarmstrong.org
From: Rich Goddard
To: editor@munknee.com
sounds like gold is going down
Surprised that you didn’t have Peter George on your list
From: Richard Pawley
To: editor@munknee.com
Dear Mr. Wilson,
I wouldn’t make it on this list because I have only been saying that gold would “exceed seventeen hundred dollars per ounce” but I have been saying that since 1992 so I think that I might have been a bit earlier than some of these esteemed gentlemen. Of course I have had some special insight such as does Peter George.
Peter George of South Africa told me around 2005 that he expected gold to go to $3,800.
I do not believe that silver is going to do what most have been saying it will do for the past 25 years either. It will go up because everything will go up. A little might be a good idea but I’d just as soon have vacuum packed cans of coffee or freeze dried cooked ground beef then a lot of silver.
From: W.D. Stainton
To: editor@munknee.com
Franklin Sanders, The Moneychanger, says:
Gold’s primary trend is up, targeting at least $3,130.00; silver’s primary is up targeting 16:1 gold/silver ratio or $195.66; …
From: Borowsky, Kevin
To: editor@munknee.com (editor@munknee.com)
Could you also post those analysts who see gold going DOWN significantly (at least in the short or medium term)?
A reader sent me the following:
I see a lot of PM promoters forecasting incredible highs for gold and silver.
Your clients would be better served by warning them about the unfair tax form
filing–in 2012–for any PM sale > $600. Or the unfair 28% capital gains tax
on PM sales(vs 15% on stocks). Everyone involved with PMs needs to lobby
for tax-law changes.