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• What analysts are saying

  • Steve Forbes "A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation..." Human Events: "Forbes Predicts U.S. Gold Standard Within 5 Years" (5/11/2011)
  • John Embry - $100.00 (no period cited) "We haven't even really seen money start to significantly flow into hard assets... it's going to have an outsized impact on the price [of silver and gold.]... King World News (July 2011)
  • Doug Casey - $5,000 (by end of 2013) "Gold could hit $5,000 an ounce in the next couple of years, as paper currencies in the United States, Europe, and Japan drop in value..." Mineweb (03/2011)
  • Tom Fitzpatrick - $100.00 (no period cited) "While the high so far this year was at the same level as the peak in January 1980, we are not convinced that the long-term trend is over yet." Bloomberg (July 2011)
  • Hal Lehr - $2,000 (in 2011) "Gold, which reached a record on May 2, may surge a further 30 percent by [2012] as investors seek to protect themselves from 'economic uncertainty'..." Bloomberg (5/2011)
  • Peter Krauth - $250 (no period cited) "...silver prices could reach as high as $250 per ounce before the silver bull finally stops running." Commodity Online (May 2011)
  • Robert McEwen - $5,000 (by end of 2015) "Gold is a favored asset relative to equities and other assets. In times of financial stress, you have people going towards precious metals and hard assets..." CNBC (4/2011)
  • Dr. Stephen Leeb - $200 (by August 2013) "My guess is that 24 months from now, that silver coin you are holding that you bought for $35 or $40, you are going to see a $200 tag on it." King World News (August 2011)
  • John Paulson - $4,000 (in 3-5 years) "Gold prices could go as high as $4,000 an ounce over the next three to five years, as the U.S. and U.K. flood the money supply." Wall Street Journal (5/2011)
  • David Morgan - $75 (no period cited) "The next leg up [for silver] could take out the $50/oz. level after a few tries and then not look back until establishing a new nominal level of $65/oz. - $75/oz. Silver demand is growing for both industry and as an investment." The Gold Report (August 2011)
  • Jim Sinclair - $5,000 "Looking for a major upturn in gold as soon as June and targeting $5,000 as a longer term objective." Mineweb (5/2011)
  • Charles Oliver - $50 to $100 (next few years) "...the long-term story for precious metals is still very firmly intact." Reuters (May 2011)
  • Christopher Wyke - $2,000 (by 2012) "Gold has been going up for the past ten years, but we think gold is going to continue to rally over at least next five years..." Professional Advisor (3/2011)
  • Louise Yamada - $2,000 (in next year) "Gold looks fine as it is moving to a new high. Gold remains in a structural bull market that was initiated in 2002." King World News (3/2011)
  • Peter Krauth - $86.75 "An important metric to understand and watch is the silver-to-gold ratio. It tells you how many ounces of silver it takes to buy one ounce of gold..." Silver Price Forecast" (12/2/2010)
  • Mac Slavo - $50.00 "Based on just the supply/demand equations, the price of silver should continue to rise and approach its historical silver-to-gold ratio..." Silver Will Be Worth More Than Gold" (12/31/2010)
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BUYING GOLD AND SILVER

by Howard Ruff
1. Obamanomics: Socialist states always inflate the paper currency. Obama, Congress, and the Federal Reserve are diluting value of dollars like never before by creating more of them. Accommodating Obama and Congress, the Fed has manufactured trillions of dollars out of nothing at by far the fastest pace in history, and it's accelerating. Currencies are supposed to be a "means of exchange and a store of value." The dollar is still a means of exchange, but due to inflation, it is no longer a store of value.

The government has given trillions to the big banks, which will loan the dollars into circulation or give them to politicians to spend into circulation. This money expansion currently dwarfs several times over the monetary explosion that led to the Carter-driven metals bull market in the '70s. I can't overstate what is happening. Economists may call this monetary-expansion process "inflation" but it really should be called "dilution"-dilution of the money supply and consequently its value. Inevitably, sooner or later, consumer prices rise and laymen then mistakenly call that "inflation." Calling rising prices inflation is like calling falling trees hurricanes. When will the public catch on? Price inflation and gold prices are the chief measurements of public awareness. Sooner or later, awareness becomes a critical mass, the public catches on, and the metals go through the stratosphere.

2. Real money: Gold and silver (especially silver) have been real money over and over again, in all ages of time and on all continents. Ever since Gutenberg invented the printing press 400 years ago, the world has been littered with worthless dead paper currencies every seventy-five to eighty years, due to runaway money printing when the people discover they can vote themselves benefits from the public treasury. Every time the dominant currency has been inflated, gold and silver coins have become hugely profitable investments, and sometimes the only surviving currency!

Throughout history, each time a paper currency finally caved in to inflation, gold and silver (especially silver) became the only universally acceptable coin of the realm. Gold and silver as a means of exchange and a store of value have always survived. They have always been symbols of wealth, far more precious in our consciousness than any mere paper.

During periods of hyperinflation, there always comes a time when people refuse to accept more and more counterfeit, inflated money or base-metal coins in return for their hard-produced goods and services. At that point, society instinctively turns to gold and silver. It has happened over and over again, and as George Santayana said, "Those who cannot remember the past are condemned to repeat it."

3. It's early in the game: Gold and silver are early in an historic bull market (in fact, as this is written, it's only a Golden Calf), making this a low-risk investment with an awesome upside for the long-term investor. Especially silver. This gold and silver bull market will dwarf the last great one in 1973-80, when fortunes were made by relatively small amounts of money invested by amateur investors (many of them my readers). All of the factors that created the last bull market are here again, only amplified several times.

4. Supply and demand: Both metals are far rarer than most people know. All the gold ever mined since the dawn of history, including that in Central banks, gold fillings, and sunken shipwrecks in the Caribbean, etc. would cover a football field about four-feet deep. It would make a cube about the size of a typical 8-room house. Demand is now leaping past new supplies.

Likewise, most of the easy silver has been mined over the centuries, even with primitive methods. For example, during the Roman millennium, they used silver coins for currency and exhausted the Spanish silver mines.

Now that prices are high enough to make gold and silver mining profitable again, it will take as much as seven to ten years to develop new mines, and stagnant supply and rising demand have made higher prices inevitable for the imminent future.

In 1980 the historic '70s gold bull market finally topped out at $850. After adjusting for inflation, to merely equal what it did in 1980, gold would have to go (only) to $2,300, and silver topped out at $50 in 1980. After adjusting for inflation since then, to merely make a new high, silver would have to go over $125 and gold to $2,300!

Why might the metals go even higher? Most compelling is the fact that the biggest single factor that drives gold and silver is monetary inflation, and that's already several times greater now than it was during the great gold-and-silver bull market of the '70s. In fact, gold and silver have been rising in response to money creation since 2000. Add to that the silver supply/demand phenomenon, and that means far higher prices-unless they repealed the law of supply and demand when I wasn't looking.

These are just a few of the reasons why ignoring gold or silver will cost you a fortune in missed opportunities. In the worst case, gold is headed towards at least $2,500 an ounce, and silver is headed for at least $100. And the best by far is still ahead. Long term gold and silver investors should make as much as ten times their money-and maybe a lot more-before we get a sudden rush of brains to the head and create a sound, gold-backed currency.

WHY UNITED GOLD DIRECT?

United Gold Direct is a nationally recognized precious metals dealer with an "A" rating with the Better Business Bureau. All of our experienced staff are non-commissioned and have extensive knowledge with educating our clients to getting started with precious metals. We offer only the finest variety of products including Gold, Silver, Platinum, & Palladium coins and bars from all around the world. All of which can be delivered directly to your door. We also specialize in retirement rollovers such as IRA's, 401(k), and more...backed by physical, tangible, gold! We pride ourselves on our reliability, reputation, and honesty. We are a full-disclosure management team serving millions of people every day to protect hard earned wealth. We take the time to identify your financial objectives in order to help structure the right precious metals portfolio for you. Since our business model is to keep our overhead low, our clients have found that the value, service, and competitive pricing we provide, simply can't be matched.