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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 Investments VS Bank CDs
Many people today are still under the assumption that a bank CD is one of the safest investments. CDs are still safe depending on which bank has your funds, but the interest rates of late should have you asking, can I do better with my money? We are at historic lows for interest rates and many savers aren't happy with the small return they receive on their bank CDs. Savers can take advantage of a little diversification and still receive income from their CDs but also capture some growth of their funds. That growth can come from a diversification into gold.
The price of gold has gone up for 10 years straight. The Federal Reserve is doing all they can to keep interest rates low and it is at the expense of the interest rate you receive on your CDs. Over the last 10 years the interest rate on a bank CD has fallen from 6.07% in 2001 to .29% in 2011, while the price of gold in 2001 was $271.10 per ounce and in 2011 it is $1,121.50. IF you had invested $10,000 in a CD in 2001, your compounded end-of-year return would yield $13,532.83 in 2011. That same $10,000 investment in 2001 but in gold would give you $51,220.89 today. It is clear that diversifying into gold would have put you in the driver's seat and actually given you more funds from which to take income today.
There are some who say that gold can be bought through ETFs. ETFs are proxies to owning gold. Most do not offer the option of taking delivery of the gold, unless the purchase is over $100,000. ETFs do make good trading vehicles, but they are not recommended to be a good substitute should the economy continue to deteriorate and the monetary system implode. In this case, they are just illusions of wealth.
The best type of gold to buy is physical gold that you can hold in your hand. It is real wealth rather than a proxy to wealth. The best type of gold to possess is the one ounce American Eagle Gold Bullion Coins. Most recommend is the one ounce gold coin as it offers investors the most gold for their money. The other sizes of American Eagle Gold Bullion Coins are ½ ounce, ¼ ounce and 1/10 ounce, but they have a higher premium and don’t make sense to own because of this higher cost. If one wanted to use smaller denominated coins for barter, they should use 90% silver coins. These are the pre-1965 quarters and dimes that were once in circulation in the U.S.
The American Eagle Gold Bullion coin itself weighs a little more than one ounce (1.091 Troy ounces), but contains one full ounce of gold. These coins are the best value for gold investors because they are highly recognizable and are easily liquidated if cash is needed. They also can be insured.
United Gold Direct can help an investor determine the best option for purchasing gold as an investment.
