International Business Times

These 75 analysts see gold at over $5000

By Lorimer Wilson

October 12, 2010 10:08 PM EDT

This little band of gold enthusiasts started out few in numbers a few years back but has made a parabolic move over the past year or so much like their projections for the future price of gold. They now number an unbelieveable 108 who have stated, with sound reasons in their opinions, 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! In fact, the majority (75) maintain that $5,000 or more for gold is possible. In this article I identify those economists, analysts and financial writers and provide the URLs of their articles so you can ascertain for yourself their logic for such parabolic moves in the years to come.

Higher than $10,000

1. Mike Maloney: $15,000;
www.goldbasics.blogspot.com/2009/09/gold-should-reach-15000-oz-mike-maloney.html
2. Ben Davies: $10,000 – $15,000;
www.thedailygold.com/commentaries/hinde-capitals-ben-davies-on-the-gold-market/?p=3905/
3. Howard Katz: $14,000;
 www.24hgold.com/
4. Dr. Jeffrey Lewis: $7,000 – $14,000;
www.silver-coin-investor.com/gold-and-silver.html
5. Jim Rickards: $4,000 – $11,000;
Gold_s_Money_Value_is_4_000_to_11_000_Market_Strategist" target="_blank"> www.cnbc.com
6. Roland Watson: $10,800 (in our lifetime);
www.goldeagle.com/editorials_05/watson081605.htm

$5,000 – $10,000

1. Bob Kirtley: $10,000 (by 2011);
www.goldeditor.com/wp-content/uploads/editorpdfsimages/Gold-Prices-at-10-000.pdf
2. 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/
3. Porter Stansberry: $10,000 (by 2012);
www.kitco.com/ind/stansberry/dec022009.html
4. Tom Fischer: $10,000;
www.gold.approximity.com/gold_price_models_sinclair.html
5. Shayne McGuire: $10,000;
www.safehaven.com/article/9572/shayne-mcguire-the-early-innings-of-a-gold-boom
6. Eric Hommelberg: $10,000;
www.gold-speculator.com/eric-hommelberg/17257-golds-inflation-adjusted-high-reaches-8000-a.html
7. Przemyslaw Radomski: $5,000+;
www.marketoracle.co.uk/Article22629.html
8. David Petch; $6,000 – $10,000;
www.financialsense/fsu/editorials/petch/2008/0304b.html
9. Gerald Celente: $6,000 – $10,000;
www.trendsresearch.com/forecast.html
10. Egon von Greyerz: $6,000 – $10,000;
http://goldswitzerland.com/index.php/gold-entering-a-virtuous-circle-egonvongreyerz/
11. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
www.europac.net
www.commodityonline.com/news/Gold-forecast-Jim-Rogers-Peter-Schiff-or-Roubini-23940-3-1.html
12. Patrick Kerr: $5,000 – $10,000 (by 2011);
www.marketwatch.com/story//a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20
13. Peter Millar: $5,000 – $10,000;
www.gata.org/files/PeterMillarGoldNoteMay06.pdf
14. Roger Wiegand: $5,000 – $10,000;
www.traderrog.wordpress.com/2010/08/23/how-high-can-gold-go/
15. 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/
16. Peter George: $3,500 (by 2011-13); $10,000 (by Dec. 2015);
www.news.goldseek.com/GoldSeek/1129126809.php
17. 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
18. Dennis van Ek: $9,000 (by 2015);
goldnews.bullionvault.com/Goldbug/gold_price/gold_prices_could_hit_9000_per_oz_by_2015_18898034
19. Dominic Frisby: $8,500;
www.moneyweek.com/investments/precious-metals-and-gems/why-gold-could-reach-8500-an-ounce.aspx
20. James Turk: $8,000 (by 2015);
www.munknee.com/2010/06/where-gold-and-silver-will-be-by-2015/
21. Joseph Russo: $7,000 – $8,000;
www.financialsense.com/fsu/editorials/russo/2007/0416.html
22. Michael Rozeff: $2,865 – $7,151;
www.marketoracle.co.uk/Article14168.html
www.lewrockwell.com/rozeff/rozeff16.html
23. Martin Murenbeeld: $3,100 – $7,000;
www.dundeeprecious.com/Theme/Dundee/files/The%20Gold%20Price%20Outlook%20through%202010-%20website.pdf
24. Jim Willie: $7,000;
www.silver-investor.com/blog/silver-investor-bloggers-gold/hidden-dollar-swap-hammer-by-jim-willie-cb/
25. 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
26. Chris Mack: $6,241.64 (by 2015);
www.munknee.com/2010/09/how-realistic-is-5000-gold/
27. Chuck DiFalco: $6,214 (by 2018);
www.financialsensearchive.com/fsu/editorials/difalco/2009/1124.html
28. Jeff Clark: $6,214;
www.caseyresearch.com/editorial/3614?ppref=CRX192ED0810D
29. Aubie Baltin: $6,200 (by 2017);
www.24hgold.com/english/contributor.aspx?rss=true&article=2158395926G10020&redirect=false&contributor=Aubie+Baltin
30. Murray Sabrin: $6,153;
www.kitco.com/ind/Sabrin/may262009.html
31. Samuel “Bud” Kress: $6,000 (by 2014);
www.clifdroke.com/articles/jul10/071910/071910.html
32. Robert Kientz: $6,000;
www.seekingalpha.com/instablog/410007-robert-kientz/91151-gold-and-silver-market-suppression-failures-flash-buy-signal-part-4
33. Harry Schultz: $6,000;
www.moneynews.com/StreetTalk/harry-shultz-deflation-hyperinflation/2010/06/11/id/361725?s=al&promo_code=A0D6-1
34. John Bougearel: $6,000;
www.benzinga.com/print/490392
35. Lawrence Hunt: $5,000 – $6,000 (by 2019);
www.laurencehunt.blogspot.com/2010/06/gold-invisible-bull-market.html
36. Paul Brodsky/Lee Quaintance: $3,000 – $6,000;
www.gold-eagle.com/editorials_08/brodsky121208pv.html
www.gata.org/files/QBAssetManagement-07-2009.pdf
37. Taran Marwah: $3,000 – $6,000+ (by Dec. 2011 and Dec. 2012
, respectively); www.afund.com/afundindia.html
38. Martin Hutchinson: $3,100 – $5,700;
www.m ineweb.com/mineweb/view/mineweb/en/page103855?oid=104836&sn=Detail
39. Jeremy Charlesworth: $5,000+;
www.telegraph.co.uk/finance/personalfinance/investing/gold/7803924/Silver-will-outperform-gold.html
40. Przemyslaw Radomski: $5,000+;
www.marketoracle.co.uk/Article22629.html

Follow us

$5,000

1. 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/
2. Doug Casey: $5,000;
www.pragcap.com/is-gold-going-to-5000
3. Peter Cooper: $5,000;
www.arabianmoney.net/gold-silver/2010/05/12/5000-an-ounce-in-sight-as-gold-its-new-all-time-high/
4. Robert McEwen: $5,000;
www.bloomberg.com/apps/news?pid=20601082&sid=ajm6lryLYViQ
5. Martin Armstrong: $5,000 (by 2016);
www.businessinsider.com/martin-armstrong-gold-headed-to-5000-and-beyond-2009-11
6. Peter Krauth: $5,000;
www.moneymorning.com/2010/01/14/gold-superspike
7. Tim Iacono: $5,000 (by 2017);
www.seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-300-oz?source=hp
8. Christopher Wyke: $5,000;
www.bloomberg.com/apps/news?pid=newsarchive&sid=aF1439PVhAgk
9. Frank Barbera: $5,000;
www.theaureport.com/pub/na/1575
10. John Lee: $5,000;
goldnews.bullionvault.com/gold_dollar_fiat_currency_fed_confidence_030320082
11. Barry Dawes: $5,000;
www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_Resources_Investment_Expo_In_Brisbane.html
12. Bob Lenzer: $5,000 (by 2015);
video.forbes.com/fvn/streettalk/gold-5000-an-ounce-in-5-years
13. Steve Betts: $5,000;
www.marketoracle.co.uk/Article22697.html
14. Stewart Thomson: $5,000;
www.321gold.com/editorials/thomson_sthomson_s_091410.html
15. Charles Morris: $5,000 (by 2015);
www.businessweek.com/news/2010-03-01/soros-signals-gold-bubble-as-goldman-predicts-record-update1-.html
16. Marvin Clark: $5,000 (by 2015?);
seekingalpha.com/article/221514-will-the-price-of-gold-reach-5-000

Up to $5,000

1. Pierre Lassonde: $4,000 – $5,000;
www.commodityonline.com/news/Panic-effect-could-push-Gold-to-$4000-or-$5000-11770-3-1.html
2. Willem Middelkoop: $4,000 – $5,000;
www.youtube.com/watch?v=lvFSyS985I8
3. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);
www.adenforecast.com/articlesInterviewDetail.php?id_publicacion=19
4. 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
5. Goldrunner: $3,000 – $5,000 (by 2012);
www.gold-eagle.com/editorials_08/goldrunner022308pv.html
6. Bill Murphy: $3,000 – $5,000;
www.gata.org/8960
7. Bill Bonner: $3,000 – $5,000;
www.equitymaster.com/dailyreckoning/detail.asp?date=9/30/2010&story=1
8. Peter Degraaf; $2,500 – $5,000;
www.kitco.com/ind/degraaf/sep182008.html
9. 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
10. 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/
11. Luke Burgess: $2,000 – $5,000;
www.wealthdaily.com/articles/gold-etfs/2409
12. Jeff Nichols: $2,000 – $5,000;
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=111268&sn=Detail&pid=102055
13. Jim Sinclair: $1,650 – $5,000 ($1650 by January 14, 2011 OR $3,000-$5,000 by June 2011);
www.arabianmoney.net/gold-silver/2010/09/08/jimsinclair-on-why-gold-is-going-to-1650-by-early-january

$3,000 – $4,000

1. Mike Knowles: $4,000;
www.stockmarketweekly.com/newsletters/1546-what-is-the-kondratieff-cycle-telling-us-now%20/
2. Ian Gordon/Christopher Funston: $4,000;
www.munknee.com/2010/06/the-long-wave-cycle-of-winter-is-coming/
3. Marc Faber: $4,000;
www.shtfplan.com/marc-faber/marc-faber-gold-to-1-trillion-an-ounce-bloomberg-february-6-2009_02152009
4. John Paulson: $2,400 – $4,000 (by 2012);
www.goldalert.com/2010/09/gold-price-4000-paulson/
5. D.P. Baker: $3,000 – $3,750 (by Jan./Feb. 2012);
www.stockhouse.com/Columnists/2010/Jun/8/Gold-s-next-move-could-be-parabolic
www.news.goldseek.com/GoldSeek/1272548046.php
6. Adam Hamilton: $3,500 (by 2010/11);
www.commodityonline.com/futures-trading/technical/Gold-price-to-hit-$3500-by-201011-13620.html
7. Christopher Wood: $3,360;
www.marketoracle.co.uk/Article12906.html
8. Eric Roseman: $3,500+;
www.roseman.sovereignsociety.com/2010/09/15/silver-on-verge-of-gold-confirmation/
9. Franklin Sanders: $3,130;
www.the-moneychanger.com/daily/DailyFile5.htm
10. John Henderson: $3,000+ (by 2015-17);
www.seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-2010-3000-by-2015-2017
11. Hans Goetti: $3,000;
www.cnbc.com/id/15840232/?video=1043867279&play=1
12. Michael Yorba: $3,000;
www.yorbatv.ning.com/forum/topic/show?id=2014856%3ATopic%3A9698
13. David Tice: $3,000 (by 2012);
www.cnbc.com/id/34240489
14. David Urban; $3,000;
www.seekingalpha.com/article/36315-why-i-believe-gold-will-hit-3000-oz
15. Mitchell Langbert: $3,000;
www.mitchell-langbert.blogspot.com/2010/06/is-ride-to-3000-gold-going-to-hit-air.html
16. Brett Arends: $3,000;
online.wsj.com/article/SB10001424052748704792104575264863069565780.html
17. Ambrose Evans-Pritchard: $3,000;
www.moneynews.com/StreetTalk/evans-pritchard-gold-price/2010/05/26/id/360175
18. Trader Mark: $3,000 (by mid-2011);
www.IBTimes.com/articles/25200/20100526/if-gold-gld-tracks-nasdaq-housing-peaks-its-headed-to-3000-in-18-months.htm
19. John Williams: $3,000;
www.telegraph.co.uk/finance/personalfinance/investing/gold/4967209/Gold-Inflation-will-beat-deflation-and-gold-will-hit-3000.html
20. Louise Yamada: $3,000 (by 2016-17);
www.bloomberg.com/apps/news?pid=newsarchive&sid=a5UuCc0L6nt4&refer=latin_america
21. Byron King: $3,000;
www.whiskeyandgunpowder.com/gold-is-going-to-3000-get-some-physical-gold/
22. ThumbCharts.com: $3,000;
www.thumbcharts.com/1300/gold-at-3000-only-if-bubbles-repeat
23. Bob Chapman: $3,000 (by 2011);
www.bobchapman.blogspot.com/2010/05/gold-will-go-to-75-and-gold-to-3000.html
24. Ron Paul: $3,000 (by 2020);
online.wsj.com/article/SB10001424052970203917304574415193376917198.html
25. Chris Weber: $3,000 (by 2020);
www.kitco.com/ind/Weber/dec052006.html

$2,500 – $3,000

1. Ian McAvity: $2,500 – $3,000 (by 2012);
www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106419&sn=Detail&pid=102055
2. 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
3. Joe Foster: $2,000 – $3,000 (by 2019);
www.thegoldbubble.blogspot.com/2010/07/joe-foster-gold-above-3000-in-couple-of.html
4. David Morgan: $2,900;
news.goldseek.com/SilverInvestor/1204614180.php
5. Sascha Opel: $2,500+;
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=79363&sn=Detail
6. Rick Rule: $2,500 (by 2013);
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=107168&sn=Detail&pid=102
7. Daniel Brebner: $2,500;
www.midasletter.com/news/09031105_UBS-bullish-on-gold-price-nearing-2500-dollars.php
8. James DiGeorgia: $2,500;
goldnews.bullionvault.com/Goldbug/gold_price/2500_gold_on_the_cards_by_2011_18498409

Conclusion

There you have it. Who would have believed that so many distinguished analysts would maintain that gold, and by implication, silver, 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.

Given projections from such a large number of analysts perhaps it is time to also get on the bandwagon and buy some physical gold and silver ourselves.

Yes, indeed, “Got Gold?”

This article is contributed by Munknee and does not represent the views or opinions of International Business Times.
Sponsor Link:

News From Gold

Gold rises on firmer euro, but set for weekly fallGold Rises on Firmer Euro, but Set for Weekly Fall

Gold prices rose back above $1,560 an ounce in Europe on Friday, snapping four sessions of losses, as the euro recovered from two-...

Join the Conversation
Most popular
IBTimes TV

73 yr Old Becomes Oldest Woman to Climb Mount Everest

Global Markets
Existing Home Sales Jump, World Banks Lowers China Forecast, Euro Prepares for Greek Exit

E-Newsletters

We value your privacy. Your email address will not be shared.