Believe it or not but I have identified 72 economists, academics, gold analysts and market commentators who have developed sound 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 (https://www.munknee.com/2010/06/why-many-analysts-see-gold-going-as-high-as-10000/) 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 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;
https://goldbasics.blogspot.com/2009/09/gold-should-reach-15000-oz-mike-...
https://goldsilver.com/news/newsID/8538/tPath/2/
2. Howard Katz: $14,000;
https://www.24hgold.com/english/contributor.aspx?contributor=Howard+S.+K...
3. Silver-Coin-Investor.com: $7,000-$14,000;
https://www.silver-coin-investor.com/gold-and-silver.html
4. Jim Rickards: $4,000 – $11,000;
https://www.cnbc.com/id/34038650/Gold_s_Money_Value_is_4_000_to_11_000_M...
5. Roland Watson: $10,800 (in our lifetime);
https://www.gold-eagle.com/editorials_05watson081605.html
$5,001 – $10,000
1. Bob Kirtley: $10,000 (by 2011);
https://www.goldeditor.com/wp-content/uploads/editorpdfsimages/Gold-Pric...
2. Arnold Bock: $10,000 (by 2012);
https://www.munknee.com/2010/06/gold-going-to-parabolic-top-of-10000-by-...
3. Porter Stansberry: $10,000 (by 2012);
https://www.kitco.com/ind/stansberry/dec022009.html
4. Tom Fischer: $10,000;
https://gold.approximity.com/gold_price_models_sinclair.html
5. Shayne McGuire: $10,000;
https://www.safehaven.com/article/9572/shayne-mcguire-the-early-innings-...
6. Eric Hommelberg: $10,000;
https://www.gold-speculator.com/eric-hommelberg/17257-golds-inflation-ad...
7. Gerald Celente: $6,000 – $10,000;
https://www.trendsresearch.com/forecast.html
8. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
https://www.businessweek.com/magazine/content/10_23/b4181044623002.htm
https://www.commodityonline.com/news/Gold-forecast-Jim-Rogers-Peter-Schi...
9. Egon von Greyerz: $5,000 – $10,000;
https://www.munknee.com/2010/06/why-many-analysts-see-gold-going-as-high...
10. Patrick Kerr: $5,000 – $10,000 (by 2011);
https://www.marketwatch.com/story//a-reality-check-for-investors-mulling...
11. Peter Millar: $5,000 – $10,000;
https://www.gata.org/files/PeterMillarGoldNoteMay06.pdf
12. Alf Field: $4,250 – $10,000;
https://www.24hgold.com/english/news-gold-silver-gold-price-objective.as...
https://www.gold-speculator.com/alf-field/7413-elliot-wave-gold-update-2...
https://jsmineset.com/2009/05/10/alf-field%E2%80%99s-gold-price-predicti...
13. Peter George: $3,500 (by 2011-13); $10,000 (by 2015);
https://news.goldseek.com/GoldSeek/1129126809.php
14. Jeff Nielson: $3,000 – $10,000;
https://www.bullionbullscanada.com/index.php?option=com_content&view=art...
15. Dennis van Ek: $9,000 (by 2015);
https://goldnews.bullionvault.com/Goldbug/gold_price/gold_prices_could_h...
16. James Turk: $8,000 (by 2015);
https://www.munknee.com/2010/06/where-gold-and-silver-will-be-by-2015/
17. Joseph Russo: $7,000 – $8,000;
https://www.financialsense.com/fsu/editorials/russo/2007/0416.html
18. David Petch; $6,000 – $$8,000;
https://www.gold-eagle.com/editorials_05/petch040105.html
19. Michael Rozeff: $2,865 – $7,151;
https://www.marketoracle.co.uk/Article14168.html
https://www.lewrockwell.com/rozeff/rozeff16.html
20. Martin Murenbeeld: $3,100 – $7,000;
https://www.dundeeprecious.com/Theme/Dundee/files/The%20Gold%20Price%20O...
21. Dylan Grice: $6,300;
https://www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_...
22. Aubie Baltin: $6,000 (by 2017);
https://www.24hgold.com/english/contributor.aspx?rss=true&article=215839...
23. Murray Sabrin: $6,153;
https://www.kitco.com/ind/Sabrin/may262009.html
24. Harry Schultz: $6,000;
https://www.moneynews.com/StreetTalk/harry-shultz-deflation-hyperinflati...
25. Paul van Edeen: $6,000;
https://paulvaneeden/Dr.murenbeelds.gold.price.forecast.for.the.coming.year
26. Lawrence Hunt: $5,000 - $6,000 (by 2019);
https://laurencehunt.blogspot.com/2010/06/gold-invisible-bull-market.html
27. Paul Brodsky/Lee Quaintance: $3,000 – $6,000;
https://www.gold-eage.com/editorials_08/brodsky121208pv.html
https://gata.org/files/QBAssetManagement-07-2009.pdf
$5,000
1. David Rosenberg: $5,000;
https://www.zerohedge.com/article/rosenberg-pattern-would-suggest-test-5...
https://www.investmentpostcards.com/2010/05/16/3000-gold-price-may-yet-p...
2. Martin Hutchinson: $5,000 (by end of 2010);
https://www.prudentbear.com/index.php/thebearslairview?art_id=10309
https://www.nytimes.com/2010/05/14/business/economy/14views.html
3. Doug Casey: $5,000;
https://pragcap.com/is-gold-going-to-5000
4. Peter Cooper: $5,000;
https://www.arabianmoney.net/gold-silver/2010/05/12/5000-an-ounce-in-sig...
5. Robert McEwen: $5,000;
https://www.bloomberg.com/apps/news?pid=20601082&sid=ajm6lryLYViQ
6. Martin Armstrong: $5,000 (by 2016);
https://www.businessinsider.com/martin-armstrong-gold-headed-to-5000-and...
7. Peter Krauth: $5,000;
https://moneymorning.com/2010/01/14/gold-superspike
8. Tim Iacono: $5,000 (by 2017);
https://seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-...
9. Christopher Wyke: $5,000;
https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF1439PVhAgk
10. Frank Barbera: $5,000;
https://www.theaureport.com/pub/na/1575
11. John Lee: $5,000;
https://goldnews.bullionvault.com/gold_dollar_fiat_currency_fed_confiden...
12. Barry Dawes: $5,000;
https://www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_...
$2,500 – $5,000
1. Pierre Lassonde: $4,000 – $5,000;
https://www.commodityonline.com/news/Panic-effect-could-push-Gold-to-$4000-or-$5000-11770-3-1.html
2. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);
https://www.adenforecast.com/articlesInterviewDetail.php?id_publicacion=19
3. Bob Chapman: $3,000 (by 2011);
https://bobchapman.blogspot.com/2010/05/gold-will-go-to-75-and-gold-to-3...
4. Larry Edelson: $2300 – $5,000 (by 2012);
https://www.uncommonwisdomdaily.com/two-mandatory-investments-9648?FIELD9=1
5. Luke Burgess: $2,000- – $5,000;
https://www.wealthdaily.com/articles/gold-etfs/2409
6. Ian Gordon/Christopher Funston; $4,000;
https://www.munknee.com/2010/06/the-long-wave-cycle-of-winter-is-coming/
7. D.P. Baker: $3,000 – $3750;
https://www.stockhouse.com/Columnists/2010/Jun/8/Gold-s-next-move-could-...
https://news.goldseek.com/GoldSeek/1272548046.php
8. Christopher Wood: $3,500 (in 2010);
https://www.bi-me.com/main.php?id=32459&t=1&c=62&cg=4&ms...
9. Adam Hamilton: $3,500 (by 2010-11);
https://www.commodityonline.com/futures-trading/technical/Gold-price-to-...$3500-by-201011-13620.html
10. Eric Roseman: $2,500 – $3,500 (by 2015);
https://worldcurrencywatch.com/2010/04/08/the-still-unpaid-price-of-the-...
11. John Henderson: $3,000+ (by 2015-17);
https://seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-20...
12. Hans Goetti: $3,000;
https://www.cnbc.com/id/15840232/?video=1043867279&play=1
13. Michael Yorba: $3,000;
https://yorbatv.ning.com/forum/topic/show?id=2014856%3ATopic%3A9698
14. David Tice: $3,000 (by 2012);
https://www.cnbc.com/id/34240489
15. David Urban; $3,000;
https://seekingalpha.com/article/36315-why-i-believe-gold-will-hit-3000-oz
16. Michael Lambert: $3,000;
https://mitchell-langbert.blogspot.com/2010/06/is-ride-to-3000-gold-goin...
17. Brett Arends: $3,000;
https://online.wsj.com/article/SB100014240527487047921045752648630695657...
18. Ambrose Evans-Pritchard: $3,000;
https://www.moneynews.com/StreetTalk/evans-pritchard-gold-price/2010/05/...
19. Trader Mark: $3,000 (by mid-2011);
https://www.ibtimes.com/articles/25200/20100526/if-gold-gld-tracks-nasda...
20. John Williams: $3,000;
https://www.telegraph.co.uk/finance/personalfinance/investing/gold/49672...
21. Byron King: $3,000;
https://whiskeyandgunpowder.com/gold-is-going-to-3000-get-some-physical-...
22. ThumbCharts.com: $3,000;
https://www.thumbcharts.com/1300/gold-at-3000-only-if-bubbles-repeat
23. Ian McAvity: $2,500 – $3,000 (by 2012);
https://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106419&sn=D...
24. Jeff Nichols: $2,000 – $3,000;
https://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=99961&sn=Deta...
25. Graham French: $2,000 – $3,000;
https://www.telegraph.co.uk/finance/personalfinance/investing/gold/77437...
26. Sascha Opel: $2,500+;
https://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=79363&sn=...
27. Rick Rule: $2,500 (by 2013);
https://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=107168&sn=Det...
28. Daniel Brebner: $2,500;
https://www.midasletter.com/news/09031105_UBS-bullish-on-gold-price-near...
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 https://www.munknee.com/2010/07/silver%e2%80%99s-historical-correlation-with-gold-suggests-a-parabolic-top-as-high-as-714-per-ounce/ 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?”
