These 40 Analysts - Yes, 40 - Believe Gold Will Reach Parabolic Top Of $5,000 Or More!

By Lorimer Wilson    Jul 14 2010 3:54PM www.FinancialArticleS ummariesToday.com

Who in their right mind would suggest that gold will eventually reach $2,500, let alone $5,000 (or even $10,000+)? Well, I did some investigation and, believe it or not, I have identified 40 economists, academics, gold analysts and market commentators who have presented sound rationale for why gold could go to a parabolic top of at least $5,000 an ounce before the bubble finally pops.

When I first began writing about such projections (http://www.kitco.com/ ind/Wilson/jun162010.html) 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 67 (see below) of which 40 believe that $5,000 or more for gold is likely. I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months) to come. I am not at liberty to provide a live hyperlink to each article here so just cut the URL and paste it into your browser for direct access to the rationale behind each projection.

Please note that 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. I am only interested in projections of gold achieving a parabolic top of at least $2,500 per ounce. I will provide an updated list at a later date if warranted. Send the 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. 5. Roland Watson: $10,800 (in our lifetime);

$5,001 – $10,000

1. Arnold Bock: $10,000 (by 2012);
2. Porter Stansberry: $10,000 (by 2012);
3. Tom Fischer: $10,000;
4. Eric Hommelberg: $10,000;
5. Gerald Celente: $6,000 – $10,000;
6. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
7. Egon von Greyerz: $5,000 – $10,000;
8. Patrick Kerr: $5,000 – $10,000 (by 2011);
9. Peter Millar: $5,000 – $10,000;
10. Alf Field: $4,250 – $10,000;
11. Jeff Nielson: $3,000 – $10,000;
12. Dennis van Ek: $9,000 (by 2015);
13. James Turk: $8,000 (by 2015);
14. Joseph Russo: $7,000 – $8,000;
15. David Petch; $6,000 – $$8,000;
16. Michael Rozeff: $2,865 – $7,151;
17. Martin Murenbeeld: $3,100 – $7,000;
18. Dylan Grice: $6,300;
19. Murray Sabrin: $6,153;
20. Harry Schultz: $6,000;
21. Paul van Edeen: $6,000;
22. 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. Peter 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. Graham French: $2,000 – $3,000;
25. Sascha Opel: $2,500+;
26. Rick Rule: $2,500 (by 2013);
27. 28. Daniel Brebner: $2,500;

Conclusion

So there you have it. Who would have believed that so many distinguished analysts would maintain, because of our current financially troubled and volatile times, that gold (and by implication, silver) is likely to achieve such lofty levels? Their rationale is varied but each is sound in its own right.

If we are to put any credence what so ever into what the above gold analysts are projecting then it would seem prudent to own some physical gold and silver to ensure an outstanding return on one’s investment and to shield oneself from the rampant inflation and currency devaluations that are expected eventually. Yes, indeed, “Got Gold?”

Lorimer Wilson

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Lorimer Wilson is the Editor of both www.FinancialArticleS ummariesToday.com and www.munKNEE.com. He can be reached by sending an email to editor@munknee.com