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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  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)
How High Will Gold Go?
For centuries, gold has been a highly sought-after currency. Gold has achieved international currency status and is perhaps the most commonly accepted and liquid form of currency in the world today. Gold remains as a "store of value" throughout most of the industrialized nations and has developed its reputation as a "safe haven" asset accepted worldwide, all while remaining among the most scarce physical assets. Gold prices are positively impacted by the weakness in the U.S. dollar, otherwise commonly referred to as 'inflation'.
Inflation occurs in countries like the U.S., where the currency is not backed by anything other than the full faith of the government. In the U.S., the Federal Reserve Bank may print currency thereby de-valuing the existing currency in circulation. The most recent examples of currency de-valuation are a result of the Federal Reserve's stimulus programs referred to as; Quantitative Easing (Q.E. I & II) Prospects for Q.E. III abound with financial experts predicting that the U.S. government will once again turn to economic stimulus, or printing more currency, to avoid a double-dip recession. The end result, holders of physical gold benefit as inflation takes hold and the dollar continues to weaken. The answer to the question of; "how high will gold go?" is greatly dependent upon how weak will the U.S. dollar get? (The price of gold is pegged internationally to the U.S. dollar).
It's no coincidence that gold has continued to rise in value over the last 11 consecutive years, but most notably since 2006, the beginning of the economic downfall in the U.S. Starting with the early stages of the subprime meltdown, spreading to the prime real estate markets, both residential and commercial, and ultimately to the core of the banking system, now international in scope; gold has continued its skyrocketing performance. Global economic pressures resulting from technically defaulted countries like Greece, equate to even greater reliance on international economics to support the U.S. dollar. Absent any economic reversals, the recessionary trends will continue for the foreseeable future. U.S. housing prices and most notably the lack of consumer confidence, all but assure the continued rise in both gold demand and prices. Banks and investment conglomerates such as; UBS Securities, Merrill Lynch, Deutsch Bank and J.P. Morgan Chase, all agree that gold may exceed $5,000 per oz. in value someday. Others experts agree that it could rise well above that number.
The price of gold at the moment is irrelevant. What's important is that you get started TODAY and enjoy the safety, protection and profit opportunity that gold owners enjoy. Call one of the United Gold Direct non-commissioned representatives at (888) 502-3222 to learn about investing in a gold IRA and how you can get started in protecting yourself and your family's future in light of a prolonged recession.