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Steve Forbes “A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills.” Human Events: “Forbes Predicts U.S. Gold Standard Within 5 Years” (5/11/2011) Forbes is President and CEO of Forbes and Editor-in-Chief of Forbes magazine.
Doug Casey – $5,000 (by end of 2013) “Gold could hit $5,000 an ounce in the next couple of years, as paper currencies in the United States, Europe, and Japan drop in value. Central banks all over the world are creating trillions of currency units and that in turn is creating lots of bubbles… It’s very probable that they’re going to ignite a bubble in gold. Gold is not even close to overvalued. The current economic recovery will not last — we are ‘in the eye of the hurricane,’ so gold’s safe-haven appeal will only get stronger.” Mineweb (03/2011) Casey is co-founder and chairman of Casey Research, a provider of financial analysis about specific market verticals, including precious metals.
Hal Lehr – $2,000 (in 2011) “Gold, which reached a record on May 2, may surge a further 30 percent by [2012] as investors seek to protect themselves from ‘economic uncertainty.’ I’m bullish on gold despite its current levels. It could reach $2,000 an ounce in the next eight months.” Bloomberg (5/2011) Lehr is Managing Director of Cross-Commodity Trading at Deutsche Bank
Robert McEwen – $5,000 (by end of 2015) “Gold is a favored asset relative to equities and other assets. In times of financial stress, you have people going towards precious metals and hard assets. We’ve had 30 years of credit expansion of the like we’ve never seen before in the world and currencies have been debased. Gold is money – it’s the ultimate currency, and that’s why people are starting to move towards it. And only 1% of the financial assets in the world are represented by gold right now.” CNBC (4/2011) McEwen is Chairman and CEO of US Gold, a gold exploration company.
John Paulson – $4,000 (in 3-5 years) “Gold prices could go as high as $4,000 an ounce over the next three to five years, as the U.S. and U.K. flood the money supply.” Wall Street Journal (5/2011) Paulson is the founder and President of Paulson Co., Inc., a New York-based hedge fund.
Jim Sinclair – $5,000 “Looking for a major upturn in gold as soon as June and targeting $5,000 as a longer term objective.” Mineweb (5/2011) Sinclair is a precious metals specialist and founder of JS MineSet
Christopher Wyke – $2,000 (by 2012) “Gold has been going up for the past ten years, but we think gold is going to continue to rally over at least next five years. The fear of global inflation, possible further weakness of the US dollar and political risks in the Middle East could lead investors to chase gold as a store of value against these risks.” Professional Advisor (3/2011) Wyke is the Product Manager – Emerging Markets Debt, Currencies and Commodities at Schroders Asset Management.
Louise Yamada – $2,000 (in next year) “Gold looks fine as it is moving to a new high. Gold remains in a structural bull market that was initiated in 2002.” King World News (3/2011) Yamada is Managing Director of Louise Yamada Technical Research Advisors. |
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Philip Klapwijk – $50 “Silver will probably hit $50 in 2011,” Financial Times: “Silver ETFs Shine As Price Surges” (4/8/2011) Klapwijk is Executive Chairman of GFMS, a precious metals research and consultancy firm
Peter Krauth – $86.75 “An important metric to understand and watch is the silver-to-gold ratio. It tells you how many ounces of silver it takes to buy one ounce of gold. Historically, that ratio is 16 to 1. On this basis alone – with gold sitting at nearly $1,389 an ounce at midday yesterday – silver should be at $86.75″ Money Morning: “Silver Price Forecast” (12/2/2010) Krauth is a commodities and precious metals market analyst
Mac Slavo – $50.00 “Based on just the supply/demand equations, the price of silver should continue to rise and approach its historical silver-to-gold ratio. Add to that the continued monetization of US debt and printing of US dollars to maintain the perception of an economic recovery, and the instability of global governments. In our view, silver is headed to at least $50 an ounce. “Market Oracle: “Silver Will Be Worth More Than Gold” (12/31/2010) Mac Slavo is a writer for shtfplan.com |
