Tag Archives: $2500 gold

After two years of declines, many investors sold their gold holdings and vowed never to invest in gold again. However, in the fall of 1976, gold began an ascent that saw it rise 750%, peaking at $850 a troy ounce three years and four months later. After a 3-year correction, the same opportunity to buy low exists today, just as it did in 1976.

A few years back I published an article that itemized what 148 supposed experts of the day were predicting for the future price of gold and as it turns out none of them – not one – knew what they were talking about. By trying to do so they were all playing a fool’s game, a game reserved for the brave but foolhardy.

There were no shortage of gold price pundits/prognosticators back in 2011 & 2012 claiming that gold would be going to "x" price by "y" date. Below is an updated list of those 42 pundits who were bold enough to provide a specific date as to when their forecast would be realized with their criteria & rationale supported by links to articles in which their determinations were first put forth.

During 2011 into 2013 I kept a record of those individuals who expected gold to rise substantially in the coming years and presented updated summaries in a number of articles (see links below). Below are additional or recently updated forecasts by 11 prognosticators whose projections are surprisingly consistent, on average, with previous such estimates.

140 analysts maintain that gold will eventually reach a parabolic peak price of at least $3,000/ozt. before the bubble bursts of which 100 see gold reaching at least $5,000/ozt., 17 predict a parabolic peak price of as much as $10,000 per troy ounce of which 12 are on record as saying gold could go even higher than that. Take a look here at who is projecting what, by when and why. Words: 676