Gold Price Forecast
The best way to start buying gold today#
GOLD PRICES rose 25% for US investors in 2009. It has gained 16% each year on average since this time last decade.
And now leading experts forecast further strong gains – up to 500% in fact – in the months and years ahead.
But what is the best way to buy gold today, avoiding "hard-sell" telesales calls and fat dealer mark-ups?
Expert analysts forecast $5000-$7000 gold…#
Investment strategist Christopher Wood at CLSA – "the man who saw subprime coming," says the Wall Street Journal – believes gold will hit $3,500 an ounce, with the US economy facing a much worse deflation "than anything seen in Japan when their bubble collapsed."
Senior gold-mining chiefs Rob McEwen (US GoldCorp) and Pierre Lassonde (ex-Newmont, now NovaGold) both say gold could reach $5,000 in the next 2-7 years.
Leading economists Dylan Grice at SocGen and Martin Murenbeeld at Dundee Wealth forecast a possible jump to $6,300 or even $7,000 per ounce if gold prices rise to match the huge growth in US Treasury debt or Dollar money-supply.
That would be a gain of 500% from the current $1160, and most likely in a financial landscape very changed from today.
"Every single person out there should own some gold," says CNBC analyst and money-manager Jim Cramer.
"You must have at least a tenth of your portfolio in gold," he says, repeating his long-term forecast of $2000 gold. "I love to buy it on weakness."
Fact is, however, few people in the rich West own gold today. Not for investment. And even if you took all the gold ever mined and priced it against the world's stock and bond markets, you would see just how "under-invested" gold is today.
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How fast might gold rise from here?
"Hyperinflation is a monetary event, not an economic one," says legendary analyst Harry Schultz – "and it will happen on overnight...not via a general uptrend in inflation data." Schultz forecasts $6,000 gold before the global financial crisis is finished. And he goes much further than Jim Cramer on allocation, as well – advising his newsletter clients to hold 40-50% of their wealth in gold!
Such forecasts, of course – let alone that fifty per cent! – would no doubt sound crazy to your financial advisor. But starting with a few thousand dollars instead, what would be the best way for you to buy and own gold today?
Buy gold at BullionVault and you will be buying the safest gold at the lowest prices.
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