Tag Archives: $10000 gold

Gold is gaining momentum after a 5-year consolidation and is set to challenge the 2011 highs some time next year. Once gold clears $2,000, a powerful bull market should drive the gold price meaningfully higher.

One of the most controversial topics in investing is the price of gold with many goldbugs saying that gold will soon break $2,000, then $5,000 and then $10,000 a troy ounce but, frankly, how can anyone reasonably calculate what the price of gold should be when they don't understand the factors that drive gold? So let me explain.

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.

...It’s a confusing world out there. Some say gold is going to $700 (and they might be right, temporarily), and others say gold will shoot to $10,000 (and they might be right, temporarily). I’m in the middle and, when I tell you why, I hope you see the wisdom of why you should join me there, too.

The consequences of the total economic mismanagement by world governments and central banks for the last hundred years will eventually result in my forecast of $10,000 gold and $500 silver being fulfilled.

148 supposed gold analysts were absolutely dead wrong in their prognostications of where the price of gold was headed. Keep that in mind the next time you read any commentary by them.

We live in an unreal world with unreal prices based on unreal (fake) money and this is why it will all come to a very abrupt end. That time could start at any time. Fundamentally it must happen. Here's why.

What will drive the gold price to new record highs over the coming months and years? We look at the dangerous developments in monetary policies. macro-economics and geo-political tensions that make an allocation to physical gold prudent for both investors and those with pensions.

In this article, I compare the price action of gold in 2016 to another, older, critical period in the history of the gold market: 1976. I am not saying...that we will necessarily repeat the experience of the 1976 - 1980 gold bull market (if we did, we would see gold rocket to $8,000-$10,000 a troy ounce in the years ahead), but I do expect an enormous bull market for gold in the years ahead. Whether that means $3,000 or $6,000 or $8,000 a troy ounce, I cannot say for certain.

I am of the opinion that the current level for gold, and gold and silver miners, is near enough to a bottom as to render the downside risk limited. This is a dip, so buy it; do not sit on the fence!