What Experts are Saying:

PHILIP MANDUCA,

Managing Director -- Titanium Capital Ltd.

"Gold is still by far the optimal choice for most investors to play. It's been successful in '04, '05 and '06. Gold will be through $1,000 in the next 18 months." - Bloomberg, 11-29-06

        

JULIAN PHILLIPS

Analyst -- GoldForecaster.com

"We would not be surprised to see $1,000-plus gold from sometime in 2007 at the earliest to 2009 at the latest. Physical demand is now being added to by the turnaround in hedge funds' change of heart to the upside. The potential oil shortage and more-than-likely ruptures in the stability of the global-money system when the dollar starts to suppurate." -Marketwatch, 11-3-06

        

DR. CLIVE ROFFEY, Elliot Wave Theory Analyst/Publisher -- GoldAction

"I believe that the current correction is a more likely to be a minor before a move to well above the previous $720 peak, probably above $800. When the minor correction should occur leading to a wave 5 that will eventually peak well above $1,000 before we hit the next major correction." -321gold, 10-6-06.

        

HOWARD RUFF,

Editor -- The Ruff Times

"Gold and silver are now early in a historic bull market that will dwarf the 500-1700% profits we made in the '70s. Gold will hit at least $2,172 and $100 silver is inevitable. Investment vehicles to avoid: Stocks, bonds, fixed-return investments like utilities, REITs, residential real estate, ARMS (adjustable rate mortgages). Investment winners in bull markets: Gold, silver, copper and other base metals, uranium. The most powerful, completely essential factor affecting gold is monetary inflation. The most compelling force affecting silver today is the supply/demand equation."  -Marketwatch, 8-24-06

        

DR. DAVID DAVIS, Senior Gold Analyst --

Credit Suisse Standard Securities

"Between 2007 and 2010, supply-and-demand dynamics will undergo irreversible change, caused by a decline in global mine and official sector supply and increased demand from and the investment community. We still see a gold price of $700/oz, $800/oz and $1,200/oz by 2008, 2010, and 2015 respectively." -Resource Investor, 8-4-06

        

ROBERT KIYOSAKI,

Author -- Rich Dad

"I still think gold will go to $1,500 an ounce. I'm betting against the U.S. dollar. Gold is a hedge against U.S.government mismanagement. My family members have a tradition of saving all their spare change for months on end and then trading all the coins in for a single gold coin." - Post, 6/20/06

        

STEPHEN LEEB,

Author -- The Coming Economic Collapse

"Gold took a hit last week, falling 5.7%. As with other commodities, gold was perhaps due for a correction and responded to Bernanke’s tougher words. We could see it drift a little lower ?between $580 and $600. But this downside is paltry compared to the upside potential for gold. Gold could reach a price many times higher than its at today, regardless of whether inflation or deflation becomes the problem. So we remain buyers of gold along with energy and our low-risk hedges." The Complete Investor, 6-12-06

        

HARRY SCHULTZ,

International Harry Schultz Letter

"My view has always been: current governments (which are bank-owned) won't voluntarily return to a gold standard, with its discipline on money creation. But, when the price roars to, say $1,600, they'll quite possibly be forced to do so, to appease a clamor for sound money - e.g. Bretton Woods II. The price could go to $2,000 while they debate new rules. Washingtoninsiders would see it as their last chance to save the US dollar as a reserve currency. If they don't, the euro, yen or yuan could make a bid for that status ... If no rules are made at $1,600, gold could keep climbing till they do. Hello $3,000." - Marketwatch, 6-5-06

        

PAUL MYLCHREEST,

Analyst -- Cheuvreux Investment

"We also see the possibility of a spike to $2,000 or higher, if the story on diminished central bank gold reserves becomes widely accepted, if central banks in countries with large US dollar holdings compete to buy gold and diversify forex reserves away from dollars, and if the U.S. economy slides into either high rates of inflation or deflation." -Mineweb, 2-6-06.

        

JIM CRAMER,

Founder -- thestreet.com, Host -- Mad Money

"Gold could reach $1,000 if the Chinese stop buying our paper. Once the levee to the Treasuries breaks, the easy high ground worth gaining will be gold. Any portfolio designed to counter government-mandated inflation has to be bedrocked in gold" -New Yorkmagazine, Oct. 10, 2005

        

JAMES TURK,

Founder -- Goldmoney.com

"Gold is going much higher, and the $8,000 [per ounce] I mentioned a couple of years ago is probably as good a target as any. There are two aspects to what's driving the gold price: First, there is strong physical demand around the world. When gold crossed the $500-an-ounce level, people started buying gold in anticipation of monetary problems. Second, the physical demand for gold is causing a huge problem for the gold shorts. There has been a large gold carry trade in place. It is very possible gold could have a massive spike in thenext six to 12 months to as high as $2,000, driven by these factors." "GOLD MINE" -Barrons, 5/29/06

        

JIM ROGERS,

Author/Adventurer -- Hot Commodities

(former George Soros partner)

"Mr. Rogers, who foresaw the start of a commodity rally in 1999, told Bloomberg the boom in energy and raw material prices will endure, driving gold to a record $1,000 an ounce. The shortest bull market for commodities lasted 15 years, the longest 23 years, so if history is any guide, they've got a long way to go. This is not a bubble." –Bloomberg, 4-19-06.

        

 RICHARD RUSSELL,

Editor -- Dow Theory Letters

"Gold is now being accepted as the fourth currency along with the dollar, the euro and the yen. But there is a difference. Gold is also being recognized as the tangible currency and the ONLY SAFE currency. That gold pays no interest -- but is still at an 25-year high in terms of dollars -- is a testament to its value and safety in the eyes of sophisticated investors." - Dowtheoryletters.com

JOHN HATHAWAY,

Portfolio Manager -- Tocqueville Gold Fund

"Gold is in a bull-market trend, and there are a lot of reasons for that, and we will see higher prices. People shouldn't be surprised to see gold trade in the four digits." -Barrons ... "In truth, the price of gold at $600 is no big deal. In 1980 dollars, it is only $300. If prior highs mean anything, a target of $1700 in today’s dollars is what investors should be thinking about. Investors should worry less about whether this particular moment is a good or bad entry point and ponder the implications of sailing through uncharted waters without a lifeboat." ?Tocqueville.com

        

 

 

MARC FABER,

Author -- Tomorrow's Gold

"A vicious drop in the Dow coupled with a vicious rise in gold, possibly pushing gold to an astounding $2,000, $3,000 or even $6,000. Commodities are an asset class for the first time in history." -Marketwatch.com

 

BILL BONNER,

Author/Editor -- Daily Reckoning

"When the price of gold goes over $1,000, the bull market will be in its bubble phase. The price may go far higher - depending on what else is going on in the economy and the markets. But this will be a time to be careful...when we stop adding to our positions and begin to reduce them. Gold is now cheap and almost hidden. People are buying it for the right reason: because it is cheap. We see signs, though, that gold is coming out of the closet and the financial press is beginning to notice." -Dailyreckoning.com

        

CRAIG R. SMITH,

Author/CEO -- Swiss America

"Gold is clearly headed toward $1,000/oz. and is still a great bargain near $700/oz! Gold recently jumped over $700, and is overdue for a price correction -- which is the sure sign of a healthy bull market -- offering yet another opportunity to buy the dips in this ongoing secular bull market."

-CNBC Squawk Box

   

 

Lord WILLIAM REES-MOGG,

Author & Economist

"I expect gold to reach $1,000 an ounce in the foreseeable future. The price of gold is linked to the price of oil and to the movements of the dollar... oil is probably headed towards $100 a barrel. If there is any shooting in Iran, prices will go through the roof. That, however, is one reason for thinking that there may not be any attack on Iran. The world’s oil supply cannot afford it." –MoneyWeek

        

ROBERT MCEWEN,

CEO -- U.S. Gold Corp.

"Gold prices may reach $2,000 an ounce by 2010 on demand for an alternative to currencies. You have much more money than there is gold, and as people see their currencies falling relative to gold, they're going to be saying `Maybe I should have some of this'." –Bloomberg

        

PHILLIP GOTTHEFF,

President/Commodities

Analyst -- Equidex Inc.

"The gold market knows inflation is already here ... which helps explain the hysterical surge in prices in 2006... ETFs have expanded the metals market to now include institutional investors... With Goldman Saks forecasting $100+ oil I think we could see $1,000-1,500 gold easily... Why hoard? Because investors are afraid of paper. If we were to try to monetize our paper with gold the price would be in the $10,000/oz. -$20,000/oz. range." -CNBC "$1,000 gold debate" 5-9-06

        

JOHN PERSON,

President, National Futures Advisory Service

"As more and more investors start allocating more resources in gold, we could see $800 and as high as $1,000 by year's end. All the elements are in place for such a move, and it would not be unrealistic to achieve in a relatively short period of time." -Marketwatch.com

        

KEVIN KERR,

Commentator /Author -- Marketwatch.com

"Golden Opportunity: The case for $1,000 an ounce... If your thing is to hold the actual gold in your hand then numismatics (coins) or bullion are the way to go."

-Marketwatch.com

        

JOHN EMBRY,

Chief Investment Strategist -- Sprott Asset Management

"Gold will hit at least $800 per ounce as paper money is going to hell in a handcart. Even a $1,000/oz gold price may be conservative." -MineWeb.com

        

PIERRE LASSONDE,

President -- Newmont Mining Corp.

"The price of bullion may exceed $1,000 (U.S.) an ounce within five to seven years as demand growth driven by Asiaoutstrips global supply." –Globeandmail.com

   

 

BILL MURPHY ,

Founder -- GATA , Lemetropolecafe.com

"What we are seeing is the result of years and years of a gold price suppression scheme BLOWING UP! Gold is moving up because the crooks have lost control! GOLD is going to go to $3,000/oz as more geopolitical problems arise." - GoldRush21

   

ROSS NORMAN,

Analyst --TheBullionDesk.com

"Yes, I do think we will be in the $700s perhaps late in the second quarter, or perhaps the third quarter of 2006 - the market seems incredibly robust both in terms of external factors like the correlation with the oil market that we’re still underperforming against - if the ratio held with that we’d be at about $1,000 an ounce now. I think it’s gaining strength

        

J. TAYLOR --

J. Taylor's Gold and Technology Stocks

"This is a different gold bull market and most bullish of all is that fact that this is still a stealth bull market. The voice of the global market is just starting to express a declining confidence in the dollar but with a coverage of only 1.7% [in U.S. gold reserves] at close to $700/oz., I believe we are still in the very early stages of a major gold bull market. We have a long, long ways to go toward $3,000 and beyond." -Howestreet.com

 
 
 
 
 
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