These 8 Analysts See Gold Going to $3,000 - $10,000 in 2012

These 8 Analysts See Gold Going to $3,000 - $10,000 in 2012

Lorimer Wilson

Many financial analysts, economists, academics and commentators believe it is only a matter of time before gold reaches a parabolic peak price well in excess of the prevailing price. Eight of them, listed below with the rationale for their beliefs, think gold will reach its parabolic peak price in the next 12 months—even as early as February, 2012.

Arnold Bock ($10,000—sovereign debt defaults, bankruptcies of too-big-to-fail banks, currency inflation and devaluation, rampant price inflation).

Porter Stansberry ($10,000—the Greenspan Guidotti rule says if a nation can't pay off all foreign debts in the next 12 months, it's a terrible credit risk. Speculators will target your bonds and currency. A default is assured. This rule means the US is likely to have a severe currency crisis within the next two years).

Taran Marwah ($6,000—excess money printing, debasing of the dollar, hyperinflation).

Goldrunner ($3,000-plus—fractal analysis indicates a 'gold tsunami' realizing an approximate 100% rise that will crest at $3,000-plus in mid-2010).

Bob Chapman ($2,500-$3,000—debt monetization will lead to higher inflation, and explains the systemic problem of many nations which have nowhere to turn except the creation of money and credit to temporarily keep their economies going).

Ian McAvity ($2,500-$3,000—gold is like life insurance in the current economic climate, and one of the most critical factors for the gold price currently is the return on risk-free capital, which is currently negative in real terms).

Kurtis Hemmerling ($2,500-$3,000—recession, convoluted Eurozone problems and inflationary stimulus).

Mary Anne and Pamela Aden ($2,000-$3,000—in today's historically extreme economic situation, we could see much higher prices for a longer period of time, well beyond 2012).

www.gold-eagle.com/editorials_12/wilsonl010412.html

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