The internet is awash with analysts who believe that gold is going to $7,250+ and as low as $725 and that silver is going down to $12 or higher than $120. Such pundits (Roubini, Sinclair, Rickards, Willie and Edelson to name a few) grab a lot of attention in the media but are their prognostications worth paying attention to or are they just a lot of hot air?
Below is a list of forecasts of the future movement in the price of physical gold with an update as to how close their predictions have come to reality – to date.
Vronsky of gold-eagle.com says that since the gold price has moved in concert with the growth in the US Federal Reserve Balance Sheet since 1999 including, the recent correction in both during the past three years, gold could possibily reach $3,000 – $4,500 by 2016! .Read More »
Juan Eduardo Morales Veas (MoneyGreedandFear.com) suggests that both gold & silver will show renewed weakness to $725 & $12, respectively, by mid-2015 before jumping dramatically in price by the end of 2016/early 2017 – to $3,500 and $90 respectively. His anticipation of renewed weakness has been correct to date but will his specific projections hold true? Below are the specific details (with charts). Read More »
Roubini expects gold will fall below $1,000/oz – a point not seen since 2007. No time frame is given. Read More »
Jim Sinclair forecasts that gold will be roughly $4,000-4,500 by 2015-17 and, while silver will not reach $500, it certainly will see triple digits. No time frame is given.
James Turk and John Rubino argue that the price of gold is about to soar to $10-12,000/ozt. – and silver to $500/ozt. No time frame is given. Read More »
Larry Edelson maintains that once this pullback in the broad stock indices is over, the Dow Jones Industrial will lead the way higher yet again, and catapult to 31,000 over the next 3 years, with gold reaching $5,000, silver $125 and select individual stocks in the mining sector spinning off gains of 2,000%, 3,000% and even more. No, I’m not out of my mind. Quite to the contrary, I believe I am the one analyst who really understands the forces that are building to enable such to occur. Read on to learn about my enviable track record over the years and specifically why such gains will be realized over the next three years. Read More »
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Jim Rickards explains why a US dollar collapse could be coming and gold could emerge at the heart of a new global monetary system as the only money that you can really trust. No time frame is given. Read More »
Willie suggests that the world economic crisis has entered a new elevated level of perma-crisis and constant tension without either resolution or even the attempt to resolve anything and, as such, the price of gold will rise to $5,000 per troy ounce, then higher, and at the same time, the silver price will rise multiples higher. No time frame is given. Read More »
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Other Articles of Interest:
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. Read More »
It is my contention that the price of gold rallies whenever the U.S. dollar’s real short-term interest rate is below 2%, falls whenever the real short rate is above 2%, and holds steady at the equilibrium rate of 2%. Furthermore, for every one percentage point real rates differ from 2%, gold moves by eight times that amount per year. So if the real rates are at 1%, gold will move up at an 8% annualized rate. If real rates are at 0%, then gold will move up at a 16% rate (that’s been about the story for the past decade). Conversely, if the real rate jumps to 3%, then gold will drop at an 8% rate. [Let me explain.] Words: 982
Recently I discovered a website which tracks pundits in finance (and politics and sports). Check it out to see how many of the calls and predictions of your favorite prognosticators have turned out to be true. You’ll be surprised and, no doubt, disappointed! Read More »