Gold May Top $2K in 2011 on ‘Confidence Crisis’

'Gold will probably top $2,000 an ounce by year-end amid surging investor demand, a Bloomberg survey showed.
Prices will rise to a peak of $2,038 before Dec. 31, based on the average of 16 respondents in a Bloomberg survey at the London Bullion Market Association’s annual conference in Montreal. Next year, gold will rally as high as $2,268, according to the average in the survey.'

http://www.bloomberg.com/news/2011-...s-year-on-confidence-crisis-survey-shows.html

 

So, since every seller knows this now, why would they sell it at less than $2000/ounze present valued? Which means its not a good investment for a buyer.

Funny how markets work.

Unless you're saying only buyers read the article.

 

in the next couple of years gold will go a heck of a lot higher than just 2,000 dollars!

 

JPMORGAN publically says that they expect gold to go to 2500 by the end of the year.

http://business.financialpost.com/2011/08/08/gold-may-hit-2500-in-2011-jp-morgan/

 

Well, interesting article - but that was on Aug. 8.

My guess is they do not feel that way now.

I fully expect gold to hit $2500 or better - but not this year; unless the western governments/central banks start to massively spend again to try and avoid (temporarily) a recession.

I just don't see gold going up about 50% in just over 3 months - which it would have to do to hit $2500 by years end.

I actually would not be totally shocked to see it finish 2010 lower then it is now.

 

I honestly think it's still possible. Gold is so volatile now.

If QE3 in November, Gold could go even higher than that.

 

well thats the million dollar question....when is Bernacke going to announce QE 3? Perhaps we should all take up golf and try to become buddies wirth Bernacke

 

Sure looks that way now. Dont forget to pour some money in now while the price is still affordable.

Another great investment is retirement accounts; IRA Roth and 401k. It is a great time to max them out. Economy and the market is low, and it can only go up when you retire. In fact, the retirement investments are not regulated by the federal government which is a good thing for all you conservatives who don't like"Big Government" invoved in your buisness. Also, the Roth IRA is tax free, you pay now when tax is low and none when you retire. tax will be higher when you retire due to inflation.

Also, because of no government regulation the brokers who profit only make a little money. And these IRA will be around for a very long time.

LOL...