munKNEE.com Your Key to Making Money
51 Analysts Believe Gold Will Exceed $5,000!
Believe it or not but I have identified 122 economists, academics, analysts and market commentators who have developed sound rationale as to why they think gold will likely go to a parabolic peak price of at least $2,500 an ounce before the bubble finally pops! Of those 122 prognosticators, 84 –yes, 84 – believe gold could reach a high of $5,000; 51 maintain that a price in excess of $5,000 is more likely. Words: 977
Lorimer Wilson, Editor of www.munKNEE.com, identifies the 122 analysts below by name with their price projections and time frame complete with hyperlinks to the source article. 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.
(A more updated article can be found here.)
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
- 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
Editor’s Note: Don’t forget to sign up for our FREE weekly “Top 100 Stock Market, Asset Ratio & Economic Indicators in Review”.
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);
https://www.munknee.com/2010/11/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);
https://www.munknee.com/2010/11/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/ - 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-
- Harry Schultz: $6,000; www.moneynews.com/StreetTalk/harry-shultz-deflation hyperinflation/2010/06/11/id/361725
- John Bougearel: $6,000; www.benzinga.com/print/490392
- David Tice: $5,000 – $6,000; www.moneynews.com/PrintTemplatenodeid=378538
- Lawrence 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.munknee.com/2010/12/the-u-s-dollar-will-collapse-within-24-months-got-gold-or-silver/
Cumulative sub-total: 51
These 33 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 Jeddeloh: $2,300 – $5,000 (by 2013); www.omegafunds.ca
- Larry Edelson: $2,300 – $5,000 (by 2015);
https://www.munknee.com/2010/09/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: 84
These 26 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/2010/09/ian-gordon-longwave-cycle-of-winter-to-drive-gold-to-4000oz/ - 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
- Mark O’Byrne: $3,000; www.marketwatch.com/story/conditions-for-gold-rally-could-crush-other-assets-2009-12/18
- Kevin Kerr: $3,000; www.marketwatch.com/story/conditions-for-gold-rally-could-crush-other-assets-2009-12/18
Cumulative sub–total: 110
These 12 Analysts Believe Gold Will to Between $2,500 and $3,000
- 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 - Bank of America Merrill Lynch: $2,000 – $3,000; www.pragcap.com/bank-of-anericas-5-favorite-trades-for-2011
- Joe Foster: $2,000 – $3,000 (by 2019);
www.thegoldbubble.blogspot.com/2010/07/joe-foster-gold-above-3000-in-couple-of.html - David Morgan: $2,900; news.goldseek.com/Silverinvestor/1204614180.php
- 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 - James DiGeorgia: $2,500; goldnews.bullionvault.com/Goldbug/gold_price/2500_on_the_cards_by_2011_18498409
- Peter Hambro: $2,500 (by 2012); www.businessweek.com/news/2010-10/05/gold-could-reach-1-500-by-christmas
- Charles Nenner: $2,500 (by 2012 – 13); www.fundmanagernews.com/charles-nenner-2010-forecast
Grand Total: 122
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 www.munknee.com/2010/01/historical-goldsilver-ratios-suggest-silver-could-reach-200-heres-why/ 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.
- Sign up to receive every article posted via Twitter, Facebook, RSS feed or our FREE Weekly Newsletter.
- Submit a comment. Share your views on the subject with all our readers.
Gold