Do You Believe? Analysts See Gold Parabolic Up to $15,000

Believe it or not but I have identified 72 economists, academics, gold analysts and market commentators who have developed rationale as to 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!

When I first began writing about such projections I was satisfied with identifying 10 individuals who were of the opinion that gold would attain a peak greater than $2,500. That list has grown to 72 (see below) of which 44 believe that $5,000 or more for gold is likely. I encourage you to check out their linked articles and their rationale for such high gold prices in the years (and in some cases just months) to come.

Please note: If, in checking out the list below, you find a name or two missing I would appreciate you sending me his/her name and the URL of the article in which the individual states his/her case so I can have the most comprehensive list available on the internet. To be included in the list only projections of gold achieving a parabolic top of at least $2,500 per ounce, accompanied by sound reasons, will be considered. I will provide an updated list at a later date if warranted. Send email to editor@munknee.com.

Higher than $10,000

1. Mike Maloney: $15,000
2. Howard Katz: $14,000
3. Silver-Coin-Investor.com: $7,000-$14,000
4. Jim Rickards: $4,000 – $11,000
5. Roland Watson: $10,800 (in our lifetime)

$5,001 – $10,000

1. Bob Kirtley: $10,000 (by 2011)
2. Arnold Bock: $10,000 (by 2012)
3. Porter Stansberry: $10,000 (by 2012)
4. Tom Fischer: $10,000
5. Shayne McGuire: $10,000
6. Eric Hommelberg: $10,000
7. Gerald Celente: $6,000 – $10,000
8. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years)
9. Egon von Greyerz: $5,000 – $10,000
10. Patrick Kerr: $5,000 – $10,000 (by 2011)
11. Peter Millar: $5,000 – $10,000
12. Alf Field: $4,250 – $10,000
13. Peter George: $3,500 (by 2011-13); $10,000 (by 2015)
14. Jeff Nielson: $3,000 – $10,000
15. Dennis van Ek: $9,000 (by 2015)
16. James Turk: $8,000 (by 2015)
17. Joseph Russo: $7,000 – $8,000
18. David Petch: $6,000 – $$8,000
19. Michael Rozeff: $2,865 – $7,151
20. Martin Murenbeeld: $3,100 – $7,000
21. Dylan Grice: $6,300
22. Aubie Baltin: $6,000 (by 2017)
23. Murray Sabrin: $6,153
24. Harry Schultz: $6,000
25. Paul van Edeen: $6,000
26. Lawrence Hunt: $5,000 - $6,000 (by 2019)
27. Paul Brodsky/Lee Quaintance: $3,000 – $6,000

$5,000

1. David Rosenberg: $5,000
2. Martin Hutchinson: $5,000 (by end of 2010)
3. Doug Casey: $5,000
4. Peter Cooper: $5,000
5. Robert McEwen: $5,000
6. Martin Armstrong: $5,000 (by 2016)
7. Peter Krauth: $5,000
8. Tim Iacono: $5,000 (by 2017)
9. Christopher Wyke: $5,000
10. Frank Barbera: $5,000
11. John Lee: $5,000
12. Barry Dawes: $5,000

$2,500 – $5,000

1. Pierre Lassonde: $4,000 – $5,000;
2. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012)
3. Bob Chapman: $3,000 (by 2011)
4. Larry Edelson: $2300 – $5,000 (by 2012)
5. Luke Burgess: $2,000- – $5,000
6. Ian Gordon/Christopher Funston; $4,000
7. D.P. Baker: $3,000 – $3750
8. Christopher Wood: $3,500 (in 2010)
9. Adam Hamilton: $3,500 (by 2010-11)
10. Eric Roseman: $2,500 – $3,500 (by 2015)
11. John Henderson: $3,000+ (by 2015-17)
12. Hans Goetti: $3,000
13. Michael Yorba: $3,000
14. David Tice: $3,000 (by 2012)
15. David Urban; $3,000
16. Michael Lambert: $3,000
17. Brett Arends: $3,000
18. Ambrose Evans-Pritchard: $3,000
19. Trader Mark: $3,000 (by mid-2011)
20. John Williams: $3,000
21. Byron King: $3,000
22. ThumbCharts.com: $3,000
23. Ian McAvity: $2,500 – $3,000 (by 2012)
24. Jeff Nichols: $2,000 – $3,000
25. Graham French: $2,000 – $3,000
26. Sascha Opel: $2,500+
27. Rick Rule: $2,500 (by 2013)
28. Daniel Brebner: $2,500

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 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 72 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?”

Lorimer Wilson

MunKnee.com

Lorimer Wilson is Editor of www.FinancialArticleSummariesToday.com (F.A.S.T.) and www.MunKnee.com (Money, Monnee, Munknee!) and an economic analyst and financial writer. He is also a frequent contributor to this site and can be reached at editor@munknee.com.