Gold Investing Videos from Blanchard and Company, Inc.
Gold “easily $2,000 by the end of the year,” Weeden exec predicts
Gold should hit “$1,800 probably by the late summer and easily $2,000 by the end of the year,” Michael Purves of Weeden & Co. tells CNBC on May 11. “The long-term fundamentals are just as intact today as they were a year ago or three years ago.” He adds: “I’m looking for a major breakout in silver, and I think we could see $50 later this year.”
No reason gold can’t hit $3,000, Economist editor tells CNBC
“I don’t see any reason why you couldn’t see gold at $3,000 unless governments dramatically change they way they behave, and I don’t see that happening,” Economist editor Matthew Bishop tells CNBC in an April 27 interview preceded by bullish chart analysis from Todd Gordon. “We’re going to see gold go from a specialist investment to being something which the public as a whole is going to buy, and that’s when we’re really going to see gold shoot up.”
Gold heading “possibly north of $10,000,” Amphora exec tells Reuters
Gold could target $10,000 if a major emerging-market nation like Russia rejects the U.S. dollar’s reserve-currency status and forces a return to a gold standard, says John Butler, author of “The Golden Revolution,” in a Reuters interview. “I do think we’re on the way to something north of $5,000, possibly north of $10,000, depending on the actual structure of this future gold standard,” the Amphora Commodities Alpha Fund CIO says.
“The bull market in gold and silver ... is still intact,” Tactical Allocation chief tells “Breakout”
Warning that the Fed’s “powder keg of inflation is waiting to be lit,” Paul Simon of Tactical Allocation Group says precious metals can protect your portfolio against this eventual snowballing loss of purchasing power. Furthermore, he tells Yahoo! Finance’s “Breakout”: “The bull market in gold and silver, precious metals, hard assets is still intact. ... You’ve had a huge correction in silver since the spring of last year and you’ve had a huge correction in gold since the fall of last year, so I think these are actually really good entry points into both precious metals.”
Gold hits $2,000 “this year, early next year,” Heritage Capital exec predicts
“Gold bottoms this quarter,” Heritage Capital President Paul Schatz tells Yahoo! Finance’s “Breakout” in an April 2012 interview. “I think you get a move to $2,000 [in the] fourth quarter of this year, early next year. But I don’t think we’re going to stop there. Once we exceed the old highs in the $1,900s, we certainly go to $2,000 and that sets the stage for the next run. Is it $2,200? $2,300? I don’t think the secular bull market in gold is over. I think you got years left in it.”
Got gold? Treasury head’s shocking testimony shows there’s potentially no end to U.S. debt-ceiling increases
If you’re worried about mushrooming U.S. deficits and the future of the dollar, then this recent video of Treasury Secretary Timothy Geithner will curdle your blood. During a Capitol Hill appearance in late March 2012, Geithner was asked this question by a congressman: “If this were the last debt ceiling increase you could ask for, the final one, and you had to make it large enough for all current and future obligations, what would the request need to be?”
“I don’t know how to answer that question,” Geithner says. “$20 trillion? $50 trillion? A lot? Can we agree it would be a lot?” the congressman asks. “It would be a lot,” Geithner finally says. “It would make you uncomfortable.”
Gold is America’s favorite investment, CNBC poll declares
In CNBC’s new All-America Economic survey asking Americans for their current top investment choice, 37% said they preferred gold, followed by real estate at 24%, stocks at 19%, savings accounts at 14%, and Treasuries at 8%. “This was hands down,” reporter Steve Liesman noted. “There was no ambiguity here.” And gold finished even better among investors earning $100,000 or greater, at 42%.
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