At ITM Trading, we believe that gold prices are an aspect of owning physical gold, such as rare gold coins, should have a permanent place in every portfolio.
Gold is a financial insurance policy against the unexpected. Unexpected events can take any shape or form and occur at any time. By definition, we cannot predict the unexpected, therefore we must be prepared at all times.
Still, anyone who owns gold cannot help but wonder what the future holds for its price. We firmly believe that the price of gold is headed higher in the long-term. But more importantly, an array of experts from around the world who have carefully researched this topic agree that gold is headed higher. Some believe it is headed MUCH higher. We urge everyone to review these experts? opinions and use them to make your own buying and selling decisions. Keep in mind that the men and women quoted below make their livelihoods by closely watching the financial markets. They are not always correct, but they have a vested interest in being very diligent in the research that leads them to their conclusions.
“Gold is in a 12 year bull market, and I don’t believe the end is in sight!”
Dow Theory Letters
Gold provided the best returns of all commodities in the past five years when adjusted for volatility, and Goldman Sachs Group Inc. says the rally will continue as options traders signal no change in the metal’s relatively low risk.
“Economic problems increased globally, and gold emerged as a safe-haven investment.” “Monetary easing by China and quantitative easing in Europe and the U.S. will help it remain a store of value.”
Walter ‘Bucky’ Hellwig
BB&T Wealth Management
“according to some statistics the gold price today should be worth between $6,000 per ounce and $10,000 per ounce.”
Dr. Marc Faber
The Daily Ticker
According to an extensive research report by Standard Chartered, gold will surge to $5,000/oz on supply shortages. “There are very few large gold mines set to commence operation in the next five years,” said Standard’s analyst Yan Chen. “The limited new supply comes at a time when central banks have turned from being net sellers to significant net buyers of gold. The result, in our view, will be a gold market in deficit, even assuming flat growth in demand. With the supply-demand balance so out of kilter, we see the gold price potentially going to US$5,000/oz.”
Jeff states that we are in a long-term bull market trend and that we could see $1,700/oz by the end of the year, $2,000/oz by the end of 2012 and possibly $3,000/oz or higher before the market tops out. This is due to the fact that more and more people are trying to acquire an asset that is limited in supply, regardless if it is for investment or jewelry.
Goldman Sachs just raised its 12-month forecast to $1,650. More so-called quantitative easing would be a “strong catalyst to drive gold prices higher,” concluded the analyst, David Greely.
Wall Street Journal
“If gold is not between $1,500 and $2,000 within the next 18 months, I’m dead wrong.”
Chief Investment Strategist with Sprott Asset Management
“Gold will reach $2000 per ounce ($64.30 per goldgram) some time during 2010. Gold will not fall back below $1000. In fact, it is likely that a floor has been put under the market around $1050, the price at which India made its recent gold purchase from the IMF, though I don?t expect gold to fall below $1080. Like 2009, the low point for gold will probably occur early in this year?s first quarter.”
Gold Money Report
“By the end of 2010 I see the gold price at $2,000 and before the game?s over at over $5,000.”
CEO U.S. Gold
“We could see $1,500 gold this fall. No doubt about it.”
The Gold Report
“gold and silver have a few years left to run higher. In this remaining time frame I expect gold to challenge the 1980s highs on an inflation adjusted basis. Gold made new nominal highs at $1032 in March 2008 but that is well short of the inflation adjusted 1980 high of about $2,500.”
The Silver Analyst
“Gold’s fundamentals remain very sound and yet most analysts remain bearish and much of the media has greeted gold’s near record highs with tremendous skepticism. These are classic signs of a long term secular bull market as gold continues to climb the “wall of worry”. The current recovery looks like another dead cat bounce as many of the structural issues facing western economies in particular remain problematic, (household debt levels remain extremely high and public debt is soaring). While deflation remains the short term threat, inflation internationally and the unmentionable ‘stagflation? remain the real medium and long-term threats. Gold is currently trading at $1,013.20/oz and new record highs seem very likely in the near future.
“We are still bullish for gold. At the end of this year, we’ll see another record
Heraeus Refining and Trading Group
“Like a battering ram in a medieval siege, gold keeps hammering away at the gate. For the third time in less than twelve months, the yellow metal is once again crashing into the $1,000 per ounce level. As of press time, it looks like gold will close above that level today and will set a new record in the process. Even if the breach is fleeting, who can doubt that it will mount another assault soon? In the meantime, there is no shortage of market analysts who are not buying gold while questioning the motives of those who are. Although they offer a variety of strained reasons, they nearly all agree that it has nothing to do with inflation, which is nearly universally considered dead and buried. As a self-confessed gold bug, I can assure all that inflation is the only reason I buy gold. And recently, I’m buying a lot. The bottom line is that gold is continuing its long-term bull run, and those who dismiss the message behind its rise do so at their own financial peril.”
“The big picture remains bullish for gold and if equities start to correct more safe haven buying might return.”
“Gold will hit $1200 per ounce”
“Gold will become increasingly popular as a safe haven investment. Prospects are very positive, especially as gold reverts back to its traditional role as an inverse proxy to the trend in the US dollar.”
“We’re certainly in a rising price gold environment right now… And there’s a lot of reasons to be bullish about gold prices going forward.”
“Gold is going a lot higher. By the end of 2010, we will see $2,000 an ounce gold. And by the time that the gold cycle is over we’ll see $5,000 an ounce.”
“It seems more and more people are waking up to the fact that gold and silver are not only moving up but are also much safer investments currently than any other
Precious Metals Analyst
“Investor demand is very strong as an improvement in the global economy raises the prospect of inflation. We see a considerable amount of upward momentum out there.”
Hyundai Futures Co.
“The time of truth is at hand and it won?t take much more strength to confirm that a stronger phase of the eight year old bull market has begun. Gold has been moving up quietly this decade and your average person or investor is still essentially unaware of its strength, but that will likely soon change. Once gold embarks on a stronger phase of the bull market, it?s not inconceivable that gold could eventually reach the $2,000 to even the $5000 level before the mega rise is over, looking out to the years ahead.”
Mary Anne & Pamela Aden
The Aden Forecast
“At just over $1,000 per ounce, gold remains dirt cheap. I anticipate at least a doubling of the gold price as the bull market matures.”
The Motley Fool
“The strong implication is that gold and silver have a few years left to run higher. In this remaining time frame I expect gold to challenge the 1980s highs on an inflation adjusted basis. Gold made new nominal highs at $1032 in March 2008 but that is well short of the inflation adjusted 1980 high of about $2500. The timeframe for this blow off is 2012.”
Gold and Silver in the Next Decade
“According to my research we are only around 8 years into this latest 17 year tangible asset cycle The very best thing about this current gold bull is that gold is still cheap in inflation adjusted terms Gold is now pushing up at recent historic highs as we go into the latest G20 Summit. In future we will all look back the US$1,000 level and it will look like the US$300, US$350, US$450 and US$700 levels did today. If you adjust the US$850 1980 gold peak for today’s dollars you will need to reach between US$2,500 and US$6,000 to reach that old benchmark in terms of today’s dollars.”
It is economic strength — not weakness — that will push gold well above $1,000,
and likely over $2,000 by early 2011.
Fractal Gold Report
Gold is in a beautiful, long-term secular bull market with a technically perfect uptrend that shows no sign of having started the “blow-off” top that ends nearly all major bull markets. It is Gold’s turn to shine and its bull market is not over!
All of these experts believe it is very possible, and in some cases likely that gold will go much higher in the future. If the experts are taking action by buying gold don?t you think you should too? Call us at 1-888-696-4653 to take action today and get the latest on gold prices.