What Is With All These Gold Forecasts Above $5,000 USD??

Very well respect and upstanding folks roll out gold forecasts in above $5,000 USD? Why is that??

Very well respect and upstanding folks roll out gold forecasts in above $5,000 USD? Why is that??

Gold forecasters:
Jim Rickards $7,000 to $9,000
Peter Schiff $5000+
Po Polny $10,000

So how do they pick these numbers? Very simply. Folks who buy gold and have enjoy extreme profits realize that the time to sell gold is when they can transfer their gold wealth into other assets that are under valued and may pay a cash coupon. This is why when 1 gold once is near or equal to 1 Dow Jones Industrial point the gold bull market is near an end. 

You should also notice that when gold does reach extreme level it mostly accompanied with depressed stock prices. Depressed stock prices is asset deflation and not asset inflation. Therefore do not get lost with the uniformed state there is no inflation and therefore gold does not have support for higher prices, it is fact that when there is no inflation and the very likely hood of deflation that gold does extremely well at protecting your wealth and purchasing power. Stock analysts want you to buy stocks not a heavy yellow metal. POINT, gold does well in both extreme deflation and inflation, is suffers in the in between muddle.

A Chart of the Dow Jones Industrial vs the Dow Jones Industrial gold ratio.

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GLD



Investing Quote...

.."Your goals are to select only stocks that move soonest, fastest and farthest in bull or bear markets. Limited losses and let profits run."..
Richard D Wyckoff

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Mark Twain

 

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