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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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Gold Confiscation
Surprisingly, the value of gold during the Great Depression remained constant, about $20.60 per Troy ounce. It dipped only briefly, in 1931, to about $17, then want back up to over $20.
Interestingly, in 1933, thanks to the so-called gold confiscation act (actually, executive order #6102) it became illegal for a U.S. Citizen to have gold.
Predictably, not everyone complied. And unbelievably, until President Richard Nixon closed the "gold window" in 1971, foreigners could exchange paper dollars for gold. Four years later it became legal for Americans to own gold again. So much for gold confiscation.
Could this scenario happen again? Positively, but not very likely. Gold confiscation certainly isn't enough of a possibility for you to avoid the benefits of investing in gold. Too many people in too many places have too much gold in too many forms to make such an act effective. And more and more investors are looking to gold, and other precious metals, for a solid, financial future.
The value of gold grew about 400% during the last 10 years, and the three other precious metals bought and sold by United Gold Direct, silver, platinum and palladium, and precious metal coins, have kept pace. We've come a long way from the days of gold confiscation.
So, lots of companies have become interested, too. The wholesale gold market is packed with firms, large and small, new and old, seeking your investment dollars. United Gold Direct is headed by a group of some of the best investment minds in the world. Each was picked for the same reason, that they could help your investments grow at a faster rate than the market. And that's how everyone at United Gold Direct treats your investment dollars.
United Gold Direct's official business philosophy puts it this way: "United Gold Direct is passionately committed to building relationships that build value for our clients."
United Gold Direct sells and buys gold, silver, platinum and palladium, and precious metal coins. These are strong markets and these precious metals are vital to virtually all segments of industry. The catalytic converters in automobiles have platinum and palladium at their core.
The diversity United Gold Direct obtains within the realm of these four precious metals alone is impressive. They carry all U.S. Mint bullion products, as well as the Mint's gold, silver and platinum American Eagle coins, and similar coinage from other nations.
A common balance of precious metals and more traditional investments is 10-20 percent of a person's investments be in the precious metals market. Investments in gold, silver, platinum and/or palladium, and/or precious metal coins, serves as a barrier against economic uncertainty.
Much has happened in the investment markets since the days of gold confiscation nearly 80 years ago. And the next 80, should be just as exciting.
