Gold Price 2013 & Forecasts for 2014 and Beyond
Gold price 2013, 2014: Read the latest mid-and long-term gold price predictions.POPULAR GOLD RESOURCES
Gold Price Charts 24H, 1M, 1Y, 5Y, 10Y
Where to buy gold & dealer reviews
Basics of gold investing
25-Jan-13 | Comments (0)
2013-01-24 Citigroup and Morgan Stanley Gold Price Forecast
New gold price predictions from Citibank and Morgan Stanley.
Citi
2013: $1,675/oz
2014: $1,653/oz
Morgan Stanley
2013: $1,773/oz
2014: $1,845/oz
Read in detail: Jan21, 2013 - Market Watch, Jan 24, 2013 - International Business Times
Advertising
01-Jan-70 | Comments (0)
2012-10-22 HSBC Gold Price Forecast 2013, 2014
HSBC's analysts James Steel and Howard Wen just released their gold price predictions for 2013 and 2014:
Gold's price range in 2013: $1,550 to $2,000
Average gold price 2013: $1,850
Average gold price 2014: $1,775
Key factors:
- "Fed's open-ended commitment to easing until U.S. labor markets improve will support gold well into 2013."
- India's gold demand disappointing, but China's gold demand has been rising this year
- Likelihood that the USD will weaken, as forecast by HSBC foreign exchange research
- Persistently high commodity prices, should provide a further prop for gold
- Solid central bank gold demand - "Central banks continue to be active buyers of gold"
Full read: Mineweb, Oct 22, 2012
Advertising
17-Oct-12 | Comments (0)
2012-10-17 Casey Research Gold Price Forecast 2014: $2,300
Based on the correlation between the expansion of the monetary base and the gold price, Casey Research expects the gold price to reach $2,300 by January 2012, as the monetary basy will further expand due to Quantitative Easing.
.jpg)
Read more: Casey Research, Oct 16, 2012
Advertising
10-Aug-12 | Comments (0)
2012-08-06 Morgan Stanley gold price forecast
Morgan Stanley cuts its gold price forecasts for Q4/2012 from $2.011 to $1.750.
Read more: Aug 6, 2012 Wall Street Journal
Advertising
02-Jul-12 | Comments (0)
2012-06-11 Societe Generale Gold Price Forecast
Societe Generale reduced its 2012 average gold price forecast from $1.810 to $1.700. However, the bank expects gold to challenge the $1.800 mark again before year-end.
Societe Generale sees gold averaging $1.700 in the third quarter and $1.760 in the fourth quarter of 2012.
Source: June 11, 2012 Marketwatch
Advertising
13-Apr-12 | Comments (0)
2012-04-13 Jim Rogers' Gold Price Forecast: Not So Optimistic or Buy at $1,600?
In recent weeks there have been some seemingly contradictory news regarding Jim Rogers' positions on gold. In reality, Jim Rogers just re-confirmed that he has been invested in gold and that he will use potential price drops as an opportunity to buy more. He does expect strong price swings in the short run, but in the long run (over the next decade), he expects gold to go much higher.
Here are two examples of these seemingly opposing recent news:
If you read (Bloomberg)Businessweek, Jim Rogers says he’s ‘Not So Optimistic’ about gold and silver. However, the article later explains that Rogers expects the price to decline and when that happens he will buy more.
But, if you read CNBC just two weeks earlier, you would read (or watch — the article includes the original video interview) a much more positive and precise formulation: “At $1,600, gold would be a buy”, he said, adding that he would increase his position even more at $1,500 per ounce. “If it got down to $1,200 or $1,300 I hope I’m smart enough to buy a lot more,”, noting that it was no prediction.
In the long run, gold and silver are going to go much higher, according to Rogers: “Gold is going to go much higher — and silver — over the next decade,” he said.
So, after all, Jim Rogers has not been contradicting himself at all — he is staying invested in gold and expects it to go up.
If you are really interested in his "Big Picture", more extensive coverage of his views is easily found — for instance this March 2012 feature by the Gulf News: The world, according to investor Jim Rogers.
Advertising
27-Mar-12 | Comments (0)
2012-03-27 TD Securities 2012 Gold Price Forecast $1,766
TD Securities just lowered its forecast for the average gold price in 2012 from $1,925 to $1,766.
TD Securities ist the global wholesale banking subsidiary of the Toronto-Dominion Bank, the second largest bank in Canada. TD Securities' gold forecast from 2010 predicted a 2012 gold price of only $1,400.
More information: March 27, 2012, Resource Intelligence
Advertising
25-Mar-12 | Comments (0)
2012-03-26 Thomson Reuters GFMS reiterates $2,000 gold price forecast
The leading precious metals consultancy Thomson Reuters GFMS expects gold to rebound to $2,000 in late 2012 or early 2013 because of negative interest rates and the possibility of new rounds of quantitative easing. In the short term, however, gold could dip below $1,600, which presents a buying opportunity, according to GFMS's Philipp Klapwijk.
Source: March 23, 2012, International Business Times
Advertising
20-Mar-12 | Comments (0)
2012-03-18 LBMA 2012 Gold Price Forecast Revisited After 6 Months
It is now 3 months into 2012 and over 6 months since the publication of the London Bullion Market Association (LBMA) 2012 Forecast. Therein LBMA provided 2012 gold price forecasts (as well as forecasts for silver, platinum and palladium) by 26 precious metals analysts. Let's have a look at how these forecats are standing so far and what the best of last year's forecasters is saying now. First the Jan-Feb 2012 real numbers and the cummulated 2012 prediction:
| Gold Price | Low | High | Average |
| Jan 2012 | $1,590 | $1,744 | $1,656 |
| Feb 2012 | $1,711 | $1,788 | $1,743 |
| Cummulated LBMA Forecast 2012 | $2,055 | $1,443 | $1,766 |
And here are the forecasts from the LBMA 2012 Forecast which was issued in September 2011. Edel Tully, last year's best forecaster, is marked with an * arterisk. Please note, that she has now (March 19, 2012) revised her forecast (more information below).
| Analyst Name | 2012 High | 2012 Low | 2012 Average |
| William Adams | $2,230 | $1,500 | $1,785 |
| Daniel Brebner | $2,100 | $1,545 | $1,825 |
| Suki Cooper | $2,200 | $1,400 | $1,875 |
| Bayram Dincer | $1,950 | $1,450 | $1,770 |
| Peter Fertig | $2,150 | $1,390 | $1,730 |
| Carl Firman | $2,012 | $1,410 | $1,689 |
| René Hochreiter | $2,000 | $1,450 | $1,650 |
| Michael Jansen | $2,150 | $1,450 | $1,869 |
| David Jollie | $2,075 | $1,480 | $1,770 |
| Tom Kendall | $1,960 | $1,475 | $1,755 |
| Philip Klapwijk | $2,005 | $1,530 | $1,760 |
| Martin Murenbeeld | $2,125 | $1,450 | $1,835 |
| Eddie Nagao | $1,800 | $1,300 | $1,525 |
| Ross Norman | $2,100 | $1,590 | $1,765 |
| Frederic Panizzutti | $2,120 | $1,550 | $1,808 |
| Thorsten Proettel | $1,950 | $1,220 | $1,640 |
| Jeffrey Rhodes | $1,975 | $1,465 | $1,727 |
| Rohit Savant | $1,800 | $1,200 | $1,612 |
| Dan Smith | $2,075 | $1,525 | $1,875 |
| James Steel | $2,050 | $1,450 | $1,850 |
| Anne-Laure Tremblay | $2,100 | $1,500 | $1,775 |
| *Edel Tully | $2,500 | $1,400 | $2,050 |
| Matthew Turner | $2,100 | $1,425 | $1,782 |
| Bhargava Vaidya | $1,900 | $1,440 | $1,600 |
| Michael Widmer | $2,000 | $1,500 | $1,850 |
| Wolfgang Wrzesniok-Rossbach | $2,010 | $1,425 | $1,750 |
| Averages | $2,055 | $1,443 | $1,766 |
*) UBS's Edel Tully was the most accurate forecaster of the LBMA 2011 Forecast. Here is her prediction for 2012: "We forecast an average 2012 price of $2,050. Gold's compelling case next year can be built on: persistent sovereign stress, a recession in Europe and further interest rate declines, benign growth across developed markets, a relatively sedate outlook for competing asset classes, still-low interest rates in the US, along with central banks maintaining their 2011 gold-buying spree. Yet it is the potential direction of European policy - if QE materialises - that will determine just how explosive the price moves could be. While gold risks falling towards $1,400, we also think a time will come when a gold rush could propel the metal significantly above $2,000. Perhaps the biggest thing in gold's favour as it starts 2012 is not its cheap price relative to the past 12 months, or decent physical demand of late, but rather that spec longs sit at their lowest level since April 2009. With the gold space far from crowded, when the tide turns, it would take a relatively small showing of support to cause the price to move quickly."
March 19, 2012 update: Edel Tully of UBS has lowered her one month forecast from $1,775 to $1,550. She has also lowered her three-month prediction to from $1,950 to $1,600, citing "expectations of a sustainable recovery in the global economy, particularly in the U.S."
As we can see, the majority of the polled anaylsts expects gold to surpass the $2,000 mark at some point in 2012. Should gold eventually climb to the "cummulatively expected" high of $2,055, it would mean an appreciation of 24% based on current gold prices (March 21, 2012 London AM $1,656/ounce). Should Edel Tully's target of $2,500 become reality, the appreciation would amount to 51%. However, it is now unlear whether or how the UBS revision has influenced the overall 2012 expectations.
Sources: LBMA 2012 Forecast PDF; LBMA 2012 Gold Fixings, MarketWatch March 21, 2012
Looking for ways to buy gold? Check out Top-Rated US Gold Dealers or the BullionVault & GoldMoney Review.
Advertising
14-Mar-12 | Comments (0)
2012-03-14 Bloomberg Link Precious Metals Conference Gold Forecast
Yesterday, on March 13, 2012, the Bloomberg Precious Metals Conference took place in New York. Bloomberg asked 14 participants to estimate the End-of-2012 gold price. The average estimate came to $1,897, which would represent a 21% gain in 2012. Such appreciation would extend the gold bull cycle to 12 consecutive years.
Source: Bloomberg
Advertising
27-Feb-12 | Comments (0)
2012-02-27 Standard Chartered, BNP Paribas gold price forecasts 2012, 2013 to 2020
Newest gold price predictions from Standard Chartered Bank and BNP Paribas.
Standard Chartered:
$1,975/oz in Q4-2012
above $2,000/oz in 2013
average $2,107/oz in 2014
$1,900/oz in 2015
$1,178/oz in 2018
$1,212/oz in 2019
$1,248/oz in 2020
Source: Emirates 24/7; Feb 27, 2012
BNP Paribas
BNP Paribas just raised the gold price targets for 2012 and 2013:
BNP sees gold average $1,700 in Q1, $1,770 in Q2, $1,905 in Q3, and $2,030 in Q4/2012.
Expected gold price average for 2013 is $2,225/oz.
Silver price predictions:
$31.90 in Q1, $34.95 in Q2, $39.30 in Q3, and $43.80 in Q4/2012.
Expected silver price average for 2013 is $52.00/oz.
Source: GoldAlert; Feb 15, 2012
Advertising
22-Feb-12 | Comments (0)
2012-02-23 Goldman Sachs & Morgan Stanley gold price forecast for 2012 and 2013
Goldman Sachs maintains its previous prediction of 2012 average gold price of $1,940 despite lowering its return forecast for the broader commodity complex from 15% to 12%.
Looking further into the future, Morgan Stanley expects an average gold price of $2,175 in 2013.
Further reading: NASDAQ, 31 Jan 2012; International Business Times, 22-Feb-2012; CNBC, 22 Feb 2012
Advertising
23-Feb-12 | Comments (0)
2012-02-22 Morningstar gold price forecast $1,200 long-term
Morningstar, a financial data provider specializing primarily in mutual funds research, has recently published a number of gold price forecasts. In the newest release, Morningstar maintains its bearish long-term outlook for gold. In the long run, the gold price should return to around $1,200 per ounce because according to Morningstar, "central bank buying cannot maintain its current pace over the long haul".
However, there are some scenarios contemplating accelerated central bank purchases "that could be very bullish for gold prices in the near to intermediate term."
Full article: 22 Feb 2012, Morningstar
Also see: Morningstar's older gold price prediction for 2014 and 2015
Advertising
13-Oct-11 | Comments (0)
2011-10-13 BNP Paribas gold price forecast
BNP Paribas adjusted its gold price forecast for 2012 from $2,080 to $1,950.
Arguments for further rise from today's ($1,670) levels: strong Asian physical bullion demand and ongoing central bank demand.
Source: Wall Street Journal, October 13, 2011
Advertising
10-Aug-11 | Comments (0)
2011-08-09 JP Morgan & Goldman Sachs gold price forecast
Goldman Sachs: gold will hit $1,730 within 6 months and $1,900 in 12 months. (please note that gold hit $1,800 within days after this Goldman Sachs' forecast)
JP Morgan: Gold could test $2,500 by the end of 2011.
Source: Forbes
Advertising
18-Jun-11 | Comments (1)
2011-06-14 Standard Chartered $5,000 gold price forecast
An analysis by the Standard Chartered bank suggests that the gold price will triple due to shortages in gold production. The bank's research team looked at the production levels of 345 gold mines and came to the conclusion that the gold production will be only 3.6% annualy over the next five years. The demand for gold, however, has been growing at a much faster pace, driven by purchases of gold by Asian central banks. This forecast is unique for two reasons: first, most gold price predictions are based on inflationary and crisis scenarios, while this one looks at the supply-demand equation. Second, banks usually tend to be rather conservative in their gold price predictions. An interesting read, indeed.
Read more: CNBC, June 14, 2011
Note: Earlier this year, Standard Chartered predicted gold to reach $2,100 by 2014.
Advertising
Advertising
10-Jun-11 | Comments (4)
2011-06-10 Superfund gold price forecast: up 50% to 100% by 2014
Superfund's Aaron Smith expects gold to increase 50% to 100% by 2014, as measured in major currencies. He also thinks that an ounce of silver will trade for around $100 within the same timeframe.
Reuter's analyst Wang Tao predicts silver to be worth $55 within the next few years.
Recent developments, such as the legalization of gold and silver as official currency in Utah or the purchase of $1bn worth of gold by the University of Texas and similar big institutions may accelerate this development.
Read more: Economic Times, June 7, 2011
Advertising
Advertising
24-Apr-11 | Comments (7)
2011-04-22 Morningstar gold price forecast $1,200 in 2014 and $1,236 in 2015
Morningstar, a leading U.S. provider of investment research, has lowered its gold price prediction to $1,200 in 2014 and $1,236 in 2015.
Key points:
- The now booming Gold ETFs may not continue to attract such tremendous amounts of inflows over the long run
- Investment demand for gold from China and India should continue as Indian and Chinese middle classes grow
- Central banks (China, India, Russia) are buying gold en masse now. This trend cannot be extrapolated in the long run
Sources: Barrons, SeekingAlpha
Related: Read our analysis of long-term gold price trends
Advertising
14-Apr-11 | Comments (2)
2011-04-14 GFMS 2011 gold price forecast $1,600 by end of 2011
GFMS, a leading global precious metals consultancy, released its "2011 Gold Survey". GFMS expects gold to reach $1,600 by the end of 2011. GFMS's Philip Klapwijk commented on the survey for Mineweb - here are the key points:
- We may be in the latter stage of the now 11-year gold bull market
- $1,600+ gold is possible at some stage, but there may be sharp corrections in the interim
- Unconfirmed preliminary figures suggest that gold bullion demand in China in the first quarter alone rose a massive 30-40% year on year
- China's investment demand for gold to continue growing substantially
Full article: Mineweb
Advertising
18-Mar-11 | Comments (5)
2011-03-18 Goldman Sachs: 2011 gold price $1,480 within 3 months
Goldman Sachs analyst David Greely predicts gold to rise to $1,480 within the next 3 months. He does not see gold peeking before 2012. Earlier, in its 2011 gold price forecast released in October 2010, Goldman Sachs stated it expects gold to reach $1,650 within 12 months.
Full article: http://www.goldalert.com/2011/03/goldman-sachs-sees-1480-within-3-months/
Advertising
18-Mar-11 | Comments (1)
2011-03-18 BullionVault gold price forecast $3,844
The CEO of BullionVault Paul Tustain has recently developed a comprehensive video presentation in which he very transparently lays out his case for $3,844 per ounce gold. The presentation also deals thoroughly with the big picture and provides many insights about gold and the state of Western economies. View the "Gold Value: Where to Now?" presentation now (~80 minutes).
Also, see our review of BullionVault and GoldMoney and further 2011, 2012 gold price forecasts.
Advertising
08-Dec-10 | Comments (6)
2010-12-07 Morgan Stanley, Goldman Sachs, Societe Generale, BNP Paribas, Barclays, Bank of America - Merrill Lynch Gold Price Forecasts 2011, 2012
Reuters has compiled recent gold price predictions by major banks. Gold forecasts for 2011 range from $1,315 (Morgan Stanley) to $1,575 (Goldman Sachs). Outlook for 2012 gold price ranges from $1,250 (Morgan Stanley) to $1,700 (Goldman Sachs).
None of the banks expects silver to average higher than $30 in 2011 and 2012.
For the detailed article, visit Reuters.
For other gold price forecasts, see Gold Price Forecasts on Gold in Mind.
Advertising
22-Nov-10 | Comments (1)
2010-11-22 CIBC gold price forecast $1,600 in 2011 and $1,700 in 2012
According to GoldAlert, the Canadian Imperial Bank of Commerce (CIBC) increased its gold price forecast:
2011: $1,600 (from $1,400)
2012: $1,700 (from $1,500)
Predictions for silver were also significantly adjusted upwards:
2011: $28 (from $20)
2012: $30 (from $21)
Reasons: QE has become a habit in many developed countries.
Full article: http://www.goldalert.com/2010/11/gold-silver-targets-raised-amid-financial-cocaine/
Advertising
19-Nov-10 | Comments (7)
2010-11-18 Scotia Capital gold price forecast $1,700 peaks within 2 years
Scotia Capital increased its targets for gold and silver:
Gold
2011: $1,400 ($1,500
peaks)
Peaks within 24 months:
$1,700
Silver
2011: $26 ($30 peaks)
Peaks within
24 months: $35
(Scotia Capital is a member of the London Bullion Market Association through Scotia Mocatta.)
Full article:
http://www.goldalert.com/2010/11/scotia-raises-gold-silver-copper-forecasts/
Other resources:
www.scotiacapital.com/English/bns_econ/forecast.pdf
Advertising
19-Nov-10 | Comments (0)
2010-11-18 Bank of America gold price forecast $1,500 in 2011
Bank of America forecasts gold to reach $1,500 by the end of 2011 due to strong investor and central bank demand.
Full article: http://www.goldalert.com/2010/11/bofa-targeting-1500-gold/
Advertising
16-Nov-10 | Comments (0)
2010-11-15 GFMS gold price forecast $1,500 in 2011
The precious metals consultancy Gold Fields Minerals Services (GFMS) expects gold to peak above $1,500 and silver to hit $30 in 2011.
Advertising
09-Nov-10 | Comments (0)
2010-11-08 Jeffrey Nichols gold price forecast $2000-$3000 within next few years
Jeffrey Nichols: "Without a doubt, the new arithmetic on Capitol Hill — along with the Fed’s recent policy shift — reinforces the bullish case for gold and raises my confidence that gold prices will rise to $2000 an ounce, then $3000, and possibly higher peaks over the next few years."
(Jeffrey Nichols, Managing Director of American Precious Metals Advisors (APMA), has been a leading gold and precious metals economist for over 25 years.)
Full article: http://nicholsongold.com/2010/11/us-politics-economic-policy-and-the-future-price-of-gold/
Advertising
06-Nov-10 | Comments (0)
2010-11-05 Bretton Woods Research gold price forecast $1,500 in 2010
Bretton Woods Research claims that $1,500 gold is possible by the end of 2010.
Full article: http://www.goldalert.com/2010/11/1500-gold-by-year-end/
Advertising
02-Nov-10 | Comments (0)
2010-11-01 Harmony Gold gold price forecast $1,500 in 2011
The South-African gold miner and the third largest producer of gold in Africa, Harmony Gold, expects that gold will reach $1,500 per ounce in 2011.
Full article: http://www.goldalert.com/2010/11/1500-gold-next-year/
Advertising
23-Oct-10 | Comments (5)
2010-10-22 Barclays Capital gold price forecast $1,850 in 2011
Barclays Capital's MD Paul Horsnell predicts that the gold price is likely to reach $1,850 by the end of 2011 due to strong demand from emerging markets and limited supply.
(Barclays Capital is a British investment bank. It is the investment banking division of Barclays plc.)
Full article: http://www.goldalert.com/2010/10/1850-gold-by-end-of-2011/
Advertising
20-Oct-10 | Comments (0)
2010-10-19 UBS gold price forecast $1,400 in 2011 and $1,250 in 2012
2011: average price $1,400 (revised from $1,295)
2012: average price $1,250 (revised from $1,175)
Full article: http://www.goldalert.com/2010/10/commodity-forecast-lifted-amid-qe2-certainty/
Advertising
13-Oct-10 | Comments (0)
2010-10-12 Goldman Sachs gold price forecast $1,650 in 12 months
Goldman Sachs has raised its 12 month gold price forecast to $1,650. We should also expect $1,400 gold within the next 3 months and $1,525 within the next 6 months. Goldman argues that "the return of quantitative easing is likely to continue to be strong catalyst for gold."
Full article: October 12, 2010, MarketWatch
Advertising
12-Oct-10 | Comments (0)
2010-10-11 Natixis gold price forecast $1,050 in 2011
Natixis predicts an average gold price of $1,050 per ounce in 2011 due to global economic recovery.
(Natixis is a French corporate and investment bank.)
Full article: http://online.wsj.com/article/BT-CO-20101011-701716.html
Advertising
12-Oct-10 | Comments (3)
2010-10-11 Citigroup gold price forecast $1,450
Citigroup lifted its short and medium-term gold price $1,450 due to „ongoing sovereign crisis in Europe and deflationary risks in the U.S. and other G10 economies.” Citigroup also lifted its silver forecast to $25 per ounce.
Full article: http://www.goldalert.com/2010/10/1450-gold-25-silver-ahead/
Advertising
07-Oct-10 | Comments (8)
2010-10-06 Morgan Stanley gold price forecast $1,315-$1,512 in 2011
2011: $1,315 (base case) or $1,512 (bull case)
Full article: http://www.goldalert.com/2010/10/morgan-stanley-raises-gold-forecast/
Advertising
06-Oct-10 | Comments (0)
2010-10-05 Jefferies gold price forecast $1,400
Jefferies adjusted it price target for gold to $1,400 per ounce (from $1,300) and $25 (from $20) for silver.
(Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF) is a major global investment bank and institutional securities firm. It is, among other things, known for the Thomson Reuters/Jefferies CRB Index, a widely used commodity price index.)
Full article: http://www.goldalert.com/2010/10/jefferies-raises-gold-silver-targets/
Advertising
05-Oct-10 | Comments (0)
2010-10-04 Jim Rogers gold price forecast $2,000
Jim Rogers reiterated his gold price prediction of $2,000 for the coming decade. He also stated that his forecast was "not very dramatic, given the state of the world". Among other things, Rogers also recommends silver. Unlike gold which has been reaching its all-time highs, silver is still 60% below its all-time highs. Watch full interview below or read the transcript (October 4, 2010, CNBC).
More from Gold in Mind
On Gold in Mind, you can read more mid and long-term gold price forecasts or find out if you should invest in gold.
Advertising
02-Oct-10 | Comments (0)
2010-10-01 Jeffrey Nichols gold price forecast $1,500 in 2010
According to Jeffrey Nichols, Managing Director of American Precious Metals Advisors, the gold price will hit $1,500 per ounce by the end of 2010. Mr. Nichols added that APMA has been stating this end-of-2010 target price for a year or more.
Full article: http://www.hardassetsinvestor.com/features-and-interviews/1/2350.html
Advertising
30-Sep-10 | Comments (0)
2010-09-29 Deutsche Bank gold price forecast $1,450 in 2011
Deutsche Bank lowered its 2010 average gold price forecast from $1,211 to $1,177. The average price projection for 2011 of $1,450 remains unchanged.
Full article: http://www.goldalert.com/2010/09/bubble-in-gold-not-yet/
Advertising
23-Sep-10 | Comments (7)
2010-09-22 Extensive new summary of 96 analysts' gold price forecasts
While gold is nearing $1,300/oz, 96 analysts think it will reach at least $2,500/oz in not too distant future, 55 of them even predict gold price of over $5,000/ozThose who bought gold in 2009 have so far made a dollar profit of up to 59% ($813 to $1,295). Gold's appreciation in euros is similarly impressive—gold gained 58% since January 2009 (€612 to €965). The same applies to the British pound, where we have witnessed a plus of 50% (£551 to £825). While gold is approaching $1,300 per ounce, many analysts think that the rally in gold (or the decline of the major currencies' value) is nowhere near its end and forecast gold prices of $2,500 and more in the years to come.
Lorimer Wilson of MunKnee.com has put together this extensive list of notable analysts and forecasters who predict the gold price will keep going up in the next years:
$5,000 Gold Bandwagon Now Includes These 55 Analysts – Got Gold?
by Lorimer Wilson
Original article: $5,000 Gold Bandwagon Now Includes These 55
Analysts – Got Gold? by Lorimer Wilson
This little band of gold enthusiatists started out few in numbers a few years back but has made a parabolic move over the past year or so much like their projections for the future price of gold. They now number an unbelieveable 96 who have stated, with sound reasons in their opinions, 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! In fact, the majority (55) maintain that $5,000 or more for gold is likely. In this article I identify those economists, analysts and financial writers and provide the URLs of their articles so you can ascertain for yourself their logic for such parabolic moves in the years to come.
Higher than $10,000
1. Mike Maloney:
$15,000;
www.goldbasics.blogspot.com/2009/09/gold-should-reach-15000-oz-mike-maloney.html
2.
Ben Davies: $10,000 –
$15,000;
www.thedailygold.com/commentaries/hinde-capitals-ben-davies-on-the-gold-market/?p=3905/
3.
Howard Katz: $14,000;
www.24hgold.com/english/contributor.aspxcontributor=Howard+S.+Katz&article=2241359014G10020&redirect=False
4.
Dr. Jeffrey Lewis:
$7,000-$14,000;
www.silver-coin-investor.com/gold-and-silver.html
5.
Jim Rickards: $4,000 –
$11,000;
www.cnbc.com/id/34038650/Gold_s_Money_Value_is_4_000_to_11_000_Market_Strategist
6.
Roland Watson: $10,800 (in our
lifetime);
www.goldeagle.com/editorials_05/watson081605.html
$5,000 – $10,000
1. Bob Kirtley: $10,000 (by
2011);
www.goldeditor.com/wp-content/uploads/editorpdfsimages/Gold-Prices-at-10-000.pdf
2.
Arnold Bock: $10,000 (by
2012);
www.munknee.com/2010/06/gold-going-to-parabolic-top-of-10000-by-2012-%e2%80%93-for-good-reasons/
3.
Porter Stansberry: $10,000 (by
2012);
www.kitco.com/ind/stansberry/dec022009.html
4.
Tom Fischer:
$10,000;
www.gold.approximity.com/gold_price_models_sinclair.html
5.
Shayne McGuire:
$10,000;
www.safehaven.com/article/9572/shayne-mcguire-the-early-innings-of-a-gold-boom
6.
Eric Hommelberg:
$10,000;
www.gold-speculator.com/eric-hommelberg/17257-golds-inflation-adjusted-high-reaches-8000-a.html
7.
Anonymous: $6,410 – $10,000 (by
2012-2016);
www.tl-ph.facebook.com/topic.php?uid=6876483182&topic=4979&post=15682
8.
David Petch; $6,000 –
$10,000;
www.financialsense/fsu/editorials/petch/2008/0304b.html
9. Gerald Celente: $6,000 –
$10,000;
www.trendsresearch.com/forecast.html
10.
Egon von Greyerz: $6,000 – $10,000;
www.goldswitzerland.com/index.php/gold-entering-a-virtuous-circle-egonvongreyerz/
utm_source=subscriber&utm_medium=rss&utm_campaign=rss
11. Peter Schiff: $5,000 – $10,000 (in 5 to 10
years);
www.businessweek.com/magazine/content/10_23/b4181044623002.htm
www.commodityonline.com/news/Gold-forecast-Jim-Rogers-Peter-Schiff-or-Roubini-23940-3-1.html
12.
Patrick Kerr: $5,000 – $10,000 (by
2011);
www.marketwatch.com/story//a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20
13.
Peter Millar: $5,000 –
$10,000;
www.gata.org/files/PeterMillarGoldNoteMay06.pdf
14.
Roger Wiegand: $5,000 –
$10,000;
www.traderrog.wordpress.com/2010/08/23/how-high-can-gold-go/
15.
Alf Field: $4,250 –
$10,000;
www.24hgold.com/english/news-gold-silver-gold-price-objective.aspx?contributor=Alf+Field&article=1440499960G10020&redirect=False
www.gold-speculator.com/alf-field/7413-elliot-wave-gold-update-23-a.html
www.jsmineset.com/2009/05/10/alf-field%E2%80%99s-gold-price-predictions/
16.
Peter George: $3,500 (by 2011-13); $10,000 (by Dec.
2015);
www.news.goldseek.com/GoldSeek/1129126809.php
17.
Jeff Nielson: $3,000 –
$10,000;
www.bullionbullscanada.com/index.php?option=com_content&view=article&id=12906:the-real-truth-about-the-imfs-gold-sale&catid=48:gold-commentary&Itemid=131
18.
Dennis van Ek: $9,000 (by
2015);
goldnews.bullionvault.com/Goldbug/gold_price/gold_prices_could_hit_9000_per_oz_by_2015_18898034
19.
Dominic Frisby:
$8,500;
www.moneyweek.com/investments/precious-metals-and-gems/why-gold-could-reach-8500-an-ounce.aspx
20.
James Turk: $8,000 (by
2015);
www.munknee.com/2010/06/where-gold-and-silver-will-be-by-2015/
21.
Joseph Russo: $7,000 –
$8,000;
www.financialsense.com/fsu/editorials/russo/2007/0416.html
22.
Michael Rozeff: $2,865 –
$7,151;
www.marketoracle.co.uk/Article14168.html
www.lewrockwell.com/rozeff/rozeff16.html
23.
Martin Murenbeeld: $3,100 –
$7,000;
www.dundeeprecious.com/Theme/Dundee/files/The%20Gold%20Price%20Outlook%20through%202010-%20website.pdf
24.
Jim Willie:
$7,000;
www.silver-investor.com/blog/silver-investor-bloggers-gold/hidden-dollar-swap-hammer-by-jim-willie-cb/
25.
Dylan Grice:
$6,300;
www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_Resources_Investment_Expo_In_Brisbane.html
26.
Chuck DiFalco: $6,214 (by
2018);
www.financialsensearchive.com/fsu/editorials/difalco/2009/1124.html
27.
Aubie Baltin: $6,200 (by
2017);
www.24hgold.com/english/contributor.aspx?rss=true&article=2158395926G10020&redirect=false&contributor=Aubie+Baltin
28.
Murray Sabrin: $6,153;
www.kitco.com/ind/Sabrin/may262009.html
29.
Samuel “Bud” Kress: $6,000 (by
2014);
www.clifdroke.com/articles/jul10/071910/071910.html
30.
Robert Kientz:
$6,000;
www.seekingalpha.com/instablog/410007-robert-kientz/91151-gold-and-silver-market-suppression-failures-flash-buy-signal-part-4
31.
Harry Schultz:
$6,000;
www.moneynews.com/StreetTalk/harry-shultz-deflation-hyperinflation/2010/06/11/id/361725?s=al&promo_code=A0D6-1
32.
Lawrence Hunt: $5,000 – $6,000 (by
2019);
www.laurencehunt.blogspot.com/2010/06/gold-invisible-bull-market.html
33.
Paul Brodsky/Lee Quaintance: $3,000 –
$6,000;
www.gold-eagle.com/editorials_08/brodsky121208pv.html
www.gata.org/files/QBAssetManagement-07-2009.pdf
34.
Martin Hutchinson: $3,100 –
$5,700;
www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=104836&sn=Detail
35.
Jeremy Charlesworth:
$5,000+;
www.telegraph.co.uk/finance/personalfinance/investing/gold/7803924/Silver-will-outperform-gold.html
36.
Przemyslaw Radomski:
$5,000+;
www.marketoracle.co.uk/Article22629.html
$5,000
1. David Rosenberg:
$5,000;
www.zerohedge.com/article/rosenberg-pattern-would-suggest-test-5000-dow-same-time-gold-5000-too
www.investmentpostcards.com/2010/05/16/3000-gold-price-may-yet-prove-conservative-says-rosie/
2.
Doug Casey: $5,000;
www.pragcap.com/is-gold-going-to-5000
3.
Peter Cooper:
$5,000;
www.arabianmoney.net/gold-silver/2010/05/12/5000-an-ounce-in-sight-as-gold-its-new-all-time-high/
4.
Robert McEwen:
$5,000;
www.bloomberg.com/apps/news?pid=20601082&sid=ajm6lryLYViQ
5.
Martin Armstrong: $5,000 (by
2016);
www.businessinsider.com/martin-armstrong-gold-headed-to-5000-and-beyond-2009-11
6.
Peter Krauth:
$5,000;
www.moneymorning.com/2010/01/14/gold-superspike
7.
Tim Iacono: $5,000 (by
2017);
www.seekingalpha.com/article/174088-faber-gold-a-better-buy-than-at-300-oz?source=hp
8.
Christopher Wyke:
$5,000;
www.bloomberg.com/apps/news?pid=newsarchive&sid=aF1439PVhAgk
9.
Frank Barbera: $5,000;
www.theaureport.com/pub/na/1575
10.
John Lee:
$5,000;
http://goldnews.bullionvault.com/gold_dollar_fiat_currency_fed_confidence_030320082
11.
Barry Dawes:
$5,000;
www.abnnewswire.net/press/en/63123/Barry_Dawes_Projects_Gold_To_Reach_5000oz_At_The_Resources_Investment_Expo_In_Brisbane.html
12.
Bob Lenzer: $5,000 (by
2015);
http://video.forbes.com/fvn/streettalk/gold-5000-an-ounce-in-5-years
13.
Steve Betts: $5,000;
www.marketoracle.co.uk/Article22697.html
14.
Stewart Thomson:
$5,000;
www.321gold.com/editorials/thomson_sthomson_s_091410.html
Up to $5,000
1. Pierre Lassonde: $4,000 –
$5,000;
www.commodityonline.com/news/Panic-effect-could-push-Gold-to-$4000-or-$5000-11770-3-1.html
2.
Willem Middelkoop: $4,000 –
$5,000;
www.youtube.com/watch?v=lvFSyS985I8
3.
Mary Anne and Pamela Aden: $3,000 – $5,000 (by February
2012);
www.adenforecast.com/articlesInterviewDetail.php?id_publicacion=19
4.
James Dines: $3,000 – $5,000 (in June
2011);
www.commodityonline.com/news/James-Dines-Dig-gold-out-of-rare-earths-24391-3-1.html
5.
Goldrunner: $3,000 – $5,000 (by
2012);
www.gold-eagle.com/editorials_08/goldrunner022308pv.html
6.
Bill Murphy: $3,000 – $5,000;
www.gata.org/8960
7.
Eric Janszen: $2,500 –
$5,000;
www.itulip.com/forums/showthread.php/15580-Before-the-FIRE-Gold-Update-Is-1-237-the-new-720-Eric-Janszen?s=e262248557652f4215a3f903694790d4
8.
Larry Edelson: $2,300 – $5,000 (by
2015);
www.munknee.com/2010/08/gold-will-go-to-5000-and-the-dow-to-above-27000-by-2015/
9.
Luke Burgess: $2,000 –
$5,000;
www.wealthdaily.com/articles/gold-etfs/2409
10.
Jeff Nichols: $2,000 –
$5,000;
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=111268&sn=Detail&pid=102055
11.
Jim Sinclair: $1,650 – $5,000 ($1650 by January 14, 2011 OR
$3,000-$5,000 by June
2011);
www.arabianmoney.net/gold-silver/2010/09/08/jimsinclair-on-why-gold-is-going-to-1650-by-early-january
$3,000 – $4,000
1. Mike Knowles:
$4,000;
www.stockmarketweekly.com/newsletters/1546-what-is-the-kondratieff-cycle-telling-us-now%20/
2.
Ian Gordon/Christopher Funston:
$4,000;
www.munknee.com/2010/06/the-long-wave-cycle-of-winter-is-coming/
3.
D.P. Baker: $3,000 – $3,750 (by Jan./Feb.
2012);
www.stockhouse.com/Columnists/2010/Jun/8/Gold-s-next-move-could-be-parabolic
www.news.goldseek.com/GoldSeek/1272548046.php
4.
Adam Hamilton: $3,500 (by
2010/11);
www.commodityonline.com/futures-trading/technical/Gold-price-to-hit-$3500-by-201011-13620.html
5.
Christopher Wood: $3,360;
www.marketoracle.co.uk/Article12906.html
6.
Eric Roseman:
$3,500+;
www.roseman.sovereignsociety.com/2010/09/15/silver-on-verge-of-gold-confirmation/
7.
John Henderson: $3,000+ (by
2015-17);
www.seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-2010-3000-by-2015-2017
8.
Hans Goetti:
$3,000;
www.cnbc.com/id/15840232/?video=1043867279&play=1
9.
Michael Yorba:
$3,000;
www.yorbatv.ning.com/forum/topic/show?id=2014856%3ATopic%3A9698
10.
David Tice: $3,000 (by 2012);
www.cnbc.com/id/34240489
11.
David Urban;
$3,000;
www.seekingalpha.com/article/36315-why-i-believe-gold-will-hit-3000-oz
12.
Mitchell Langbert:
$3,000;
www.mitchell-langbert.blogspot.com/2010/06/is-ride-to-3000-gold-going-to-hit-air.html
13.
Brett Arends:
$3,000;
http://online.wsj.com/article/SB10001424052748704792104575264863069565780.html
14.
Ambrose Evans-Pritchard:
$3,000;
www.moneynews.com/StreetTalk/evans-pritchard-gold-price/2010/05/26/id/360175
15.
Trader Mark: $3,000 (by
mid-2011);
www.ibtimes.com/articles/25200/20100526/if-gold-gld-tracks-nasdaq-housing-peaks-its-headed-to-3000-in-18-months.htm
16.
John Williams:
$3,000;
www.telegraph.co.uk/finance/personalfinance/investing/gold/4967209/Gold-Inflation-will-beat-deflation-and-gold-will-hit-3000.html
17.
Louise Yamada: $3,000 (by
2016-17);
www.bloomberg.com/apps/news?pid=newsarchive&sid=a5UuCc0L6nt4&refer=latin_america
18.
Byron King:
$3,000;
www.whiskeyandgunpowder.com/gold-is-going-to-3000-get-some-physical-gold/
19.
ThumbCharts.com:
$3,000;
www.thumbcharts.com/1300/gold-at-3000-only-if-bubbles-repeat
20.
Bob Chapman: $3,000 (by
2011);
www.bobchapman.blogspot.com/2010/05/gold-will-go-to-75-and-gold-to-3000.html
21.
Ron Paul: $3,000 (by
2020);
http://online.wsj.com/article/SB10001424052970203917304574415193376917198.html
22.
Chris Weber: $3,000 (by 2020);
www.kitco.com/ind/Weber/dec052006.html
$2,500 – $3,000
1. Ian McAvity: $2,500 – $3,000 (by
2012);
www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=106419&sn=Detail&pid=102055
2.
Graham French: $2,000 –
$3,000;
www.telegraph.co.uk/finance/personalfinance/investing/gold/7743787/Gold-bulls-claim-price-could-double-to-3000-in-five-years.html
3.
Joe Foster: $2,000 – $3,000 (by
2019);
www.thegoldbubble.blogspot.com/2010/07/joe-foster-gold-above-3000-in-couple-of.html
4.
Sascha Opel:
$2,500+;
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=79363&sn=Detail
5.
Rick Rule: $2,500 (by
2013);
www.mineweb.com/mineweb/view/mineweb/en/page33?oid=107168&sn=Detail&pid=102
6.
Daniel Brebner:
$2,500;
www.midasletter.com/news/09031105_UBS-bullish-on-gold-price-nearing-2500-dollars.php
7.
James DiGeorgia:
$2,500;
http://goldnews.bullionvault.com/Goldbug/gold_price/2500_gold_on_the_cards_by_2011_18498409
More from Gold in Mind
Get more gold forecasts, analyst predictions and price outlook in our Gold Price Forecasts. Looking for the best way to buy gold? Check out How to buy gold - our reviews of gold dealers and tips for buying gold.
Advertising
03-Sep-10 | Comments (0)
2010-09-02 Wellington West gold price forecast $1,400 in 2011 and 2012
Wellington West raised its gold price expectation for 2011 and 2012 to $1,400 per ounce from $1,200 per ounce. Wellington West is a leading Canadian investment advisory firm with over 50 offices and 640 employees.
Original article: September 2, 2010, GoldAlert
Advertising
01-Sep-10 | Comments (0)
2010-08-31 Bloomberg survey gold price forecasts 2011
Gold may gain 21% and trade at $1,500 next year according to the median in a Bloomberg survey of 29 analysts, traders and investorsBloomberg surveyed 29 analysts about expected gold price highs in 2011. The median of the survey was $1,500. Here are selected individual calls for 2011 highs:
- Eugen Weinberg of Commerzbank: $1,400
- Dan Brebner of Deutsche Bank: $1,550
- Thorsten Proettel of Landesbank Baden-Würtenberg: $1,350
- Anne-Laure Tremblay of BNP Paribas: $1,370
- Jochen Hitzfeld of UniCredit: $1,350
Bloomberg also compiled 17 forecasts for the average 2011 gold price, the median estimate being $1,247.50, up 6.2% from a June 2010 compilation.
Read our trading idea associated with this forecast: Bloomberg Gold survey: Take a Chance?
Original article: August 31, 2010, Bloomberg
Advertising
13-Aug-10 | Comments (1)
2010-08-12 Goldman Sachs gold price forecast $1,300 in six months
According to Goldman Sachs, gold may rally to a record $1,300 within the next six months due to low interest rates and additional quantitative easing.
Original article: August 12, 2008, Business Week
More from Gold in Mind
Get more gold forecasts, analyst predictions and price outlook in our Gold Price Forecasts. Looking for the best way to buy gold? Check out How to buy gold - our reviews of gold dealers and tips for buying gold.
Advertising
24-Jul-10 | Comments (4)
2010-07-23 UBS 2010 gold price forecast and 2011 outlook
UBS forecasts gold price of $1,205 in 2010 and $1,295 in 2011UBS raised its 2010 forecast from $1,129 to $1,205. UBS also raised the 2011 outlook from $1,250 to $1,295.
Original article: July 23, 2010, Gold Alert
Advertising
23-Jul-10 | Comments (0)
2010-07-22 TD Securities gold price forecast 2011 and 2012
Gold to rise to $1,300 in 2011 and $1,400 in 2012TD Securities (global wholesale banking subsidiary of Toronto-Dominion Bank, the second largest bank in Canada) announced that they expect the gold price to rise to $1,300 in 2011 and $1,400 in 2012 due to uncertainties in the global economy and investors "insulating their portfolios against these ongoing risks.”
Original article: July 23, 2010, Gold Alert
More from Gold in Mind
Get more gold forecasts, analyst predictions and price outlook in our Gold Price Forecasts. Looking for the best way to buy gold? Check out How to buy gold - our reviews of gold dealers and tips for buying gold.
Advertising
22-Jul-10 | Comments (0)
2010-07-21 CIBC World Markets 2012 gold price forecast
CIBC boosts its 2012 gold price forecast to $1,500CIBC boosted its 2012 gold price forecast to $1,500. (CIBC World Markets is a leading investment bank in Canada. It is the investment banking subsidiary of the Canadian Imperial Bank of Commerce).
Original article: July 21, 2010, Gold Alert
Advertising
16-Jul-10 | Comments (0)
2010-07-15 Goldman Sachs gold price forecast
Goldman Sachs lifts gold forecast to $1,355/ounceOriginal article: July 15, 2010, Market Watch
More from Gold in Mind
Get more gold forecasts, analyst predictions and price outlook in our Gold Price Forecasts. Looking for the best way to buy gold? Check out How to buy gold - our reviews of gold dealers and tips for buying gold.
Advertising
09-Jul-10 | Comments (1)
2010-07-08 Erste Bank gold price forecast
Gold price to hit $2,300 by 2012.Gold price to hit $2,300 by 2012. Ronald Stöferle, analyst at Austria's Erste Group.
Original article: July 8, 2010 The Economist
More from Gold in Mind
Get more gold forecasts, analyst predictions and price outlook in our Gold Price Forecasts. Looking for the best way to buy gold? Check out How to buy gold - our reviews of gold dealers and tips for buying gold.
Advertising
07-Jul-10 | Comments (0)
2010-07-06 Scotia Capital gold price forecast
$1,100-$1,500 between now and January 2011$1,100-$1,500 between now and January 2011, in a note to its clients. (Scotia Capital is a member of LBMA through Scotia Mocatta.)
Original article: July 6, 2010 Gold Alert
More from Gold in Mind
On Gold in Mind, you can read more mid and long-term gold price forecasts or find out if you should invest in gold.
Advertising
01-Jun-10 | Comments (0)
2010-05-31 Deutsche Bank gold price forecast
Deutsche Bank Sees Gold At $1600 In 2012Michael Blumenroth, a precious metal trader at Deutsche Bank for CNBC: gold will continue its bullish trend, and it will eventually peak at $1,600 in 2012.
Original article: May 31, 2010, Benzinga
More from Gold in Mind
Get more gold forecasts, analyst predictions and price outlook in our Gold Price Forecasts. Looking for the best way to buy gold? Check out How to buy gold - our reviews of gold dealers and tips for buying gold.
Advertising














