In the same category

Gold Going to $2500, $3500

IMG Auteur
Published : January 04th, 2013
378 words - Reading time : 0 - 1 minutes
( 2 votes, 3/5 ) , 2 commentaries
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
2
comment
Our Newsletter...
Category : Editorials

 

 

 

 

Then $4500… and by that time I think the US bond market will explode.


The US passed the ‘fiscal cliff’ by making an agreement to raise taxes over 600 bn and cut spending $20 bn. Wow.


In two months the US has to raise the debt limit. The Limit is already reached but the Treasury is using side measures to cover the deficit till then. Supposedly they can make a new deal.


Given the fact that the US is the only major economy with any solvency left, even with our immediate national debt at $16 trillion, and a president who is determined to borrow as much as possible in is his remaining time (guy has no real knowledge of much of anything really) …that


The Gold price will ratchet up inexorably this year, I would be super surprised if it did not easily break $2000 a month or two after they automatically raise the debt limit for the US in two months. IN fact I think the gold price will break and hold $2000 and then immediately test $2500 for a time, before being beat back to the new low baseline, $2000, and during 2013, it will fluctuate between $2000 and let’s be a bit more generous $3000. (Really my estimate is 2000 t0 2500).


But my more generous estimate will be probable. The US fiscal situation is out of control. As I stated it’s the only major economy left with some credit.


Seriously. China. Laugh. They are fake, and have a banking system far worse than ours. Europe. Laugh. Need I say more?


Japan, laugh, they are on the verge of a bond crisis and using extraordinary measures now to fund their huge deficits, and have a trade collapse and are now even on the verge of saber rattling with China over those small insignificant islands.


And THEN, we talk the war potential in Asia over this and also the Mid-East. It’s an easy call to say that gold is headed really to more like double its present numbers. Over $3000.


And here I am including a chart of our calls in the last two years, take a look at the arrows, the arrows were where we called either tops or bottoms.


Those are some incredible calls.





 

 

Data and Statistics for these countries : China | Japan | All
Gold and Silver Prices for these countries : China | Japan | All
<< Previous article
Rate : Average note :3 (2 votes)
>> Next article
Chris Laird has been an Oracle systems engineer, database administrator, and math teacher. He has a BS in mathematics from UCLA and is a certified Oracle database administrator. He has been an avid follower of financial news since childhood. His father is Jere Laird, former business editor of KNX news AM 1070, Los Angeles (ret). He has grown up immersed in financial news. His Grandmother was Alice Widener, publisher of USA magazine in the 60?s to 80?s, a newsletter that covered many of the topics you find today at the preeminent gold sites. Chris is the publisher of the Prudent Squirrel newsletter, an economic and gold commentary.
WebsiteSubscribe to his services
Comments closed
  All Favorites Best Rated  
It matters not what the current or predicted PRICE is for gold bullion.
So called experts,economists,dealers,billionaires,fund managers etc have been getting it wrong for years.

My advice is to swap your paper thingymajigs for bullion whenever you can or feel like it.
Simply remember that " he who has the gold makes the rules"
This maxim is truer today than at any time in history.


PS take a look at the closing SPOT GOLD BID this Friday and the Feb,Apr,June Futures price
Rate :   5  0Rating :   5
EmailPermalink
Caution urged here before you spend your last buck on gold or silver coins. Leading economist Martin Armstrong recently indicated possible low for gold of $1100 this year -- before it climbs back up to Laird's predictions.

Best course might be to stand pat with what one owns and keep some cash handy in case of Armstrong's eventuality -- and then jump in with both feet.
Rate :   10  -1Rating :   11
EmailPermalink
Latest comment posted for this article
It matters not what the current or predicted PRICE is for gold bullion. So called experts,economists,dealers,billionaires,fund managers etc have been getting it wrong for years. My advice is to swap your paper thingymajigs for bullion whenever you can o  Read more
S W. - 1/5/2013 at 7:36 AM GMT
Rating :  5  0
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.