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Gold Bugs Are Warned, Again

The Gold bubble price of $2300 ala 1980 in today's dollars will be a new floor in gold when it is hit. We have 25% more people on the planet, central banks are buyers now, we have printing presses running around the world cranking out phony fiat currency that are depreciating as fast as they come off the press, and gold production is in a long term down. Look for physical gold to be $2300 before the end of 2012, and gold to be at least $6,000 by 2020. Physical Gold is the only long term Buy and Hold on the planet.

More Thoughts on Gold and Inflation

I could care less what tips are paying, as they will never pay the real inflation rate. Any astute observer sees food bills up and more skimpy carts by the less fortunate and the middle class. I see and pay out monthly inflation increases not reported by our illustrious government.

I have some disagreements with the author. On the supply side there is item 4. There are those who react to the stupidity of the FED and the Treasury Department in their money printing schemes. A wise man will buy gold, even neglecting most all other investments. This printing policy along with all the unfunded mandates yet to be mysteriously funded(printing press again) will enable me to agree with the author that Gold will reach $12,000.
Item 5 Other Central Banks around the world are becoming serious buyers of Gold, as apparently they know something the professor was not taught in school.
Everyone should have a core 10% in precious metals. If on can afford more, especially with present currency debasement, consider 40% in precious metals and 10% oil. This will help you sleep at night. Prosper and Live Well!

Investing in the Precious Metals Market

Jeff, can you or someone you know/correspond figure out the following:
Take all the estimated currency in the world converted to say $dollars, and then divided by all the known OZ's of Gold in the world to get a $/OZ that would be a good estimate of Gold if the world was on a 100% gold standard.
This then should be the real value of gold before anyone gets concerned about a bubble over this amount.

Lawrence Roulston: Gold Will Go Higher

Buy gold and take physical possesion. Dont buy paper gold like GLD as it has as much backing as a US dollar, nothing. When enough investers take possession, the bankers will stop selling into the market to preserve their rapidly dwindling gold reserves. Gold prices will then go much higher when the banks fail to cover the demand by investors. Checkmate on Central bank manipulation of gold prices.