Gold Going to $10,000/oz - Nick Barisheff

Gold's Going to $10,000 Per Ounce says Nick Barisheff. Nick Barisheff, President and CEO of Bullion Management Group on the financial sense network discusses Gold and Silver markets prospective with Kerry Lutz.

Nick Barisheff of Bullion Management Group Inc. is calling for gold to rise exponentially within the next five year time period. He's convinced that unlimited and excessive money printing by the world's central banks guarantee it. He's even got a book coming out later this year to back up his hypothesis. He believes a mix of gold, silver, and platinum as well as geographical diversity will protect you from the numerous economic uncertainties and governmental threats that are lurking. Nick's made it his life's work to help people protect their precious metals holdings from over zealous bureaucrats and other criminal types. How safe is your metal? In some parts of the world gold is viewed as the protector of wealth. In North America, gold is viewed as a speculative investment. Our economists regard a rising gold price as an admission of defeat, and their disparaging attitude toward higher gold prices took on a more desperate tone in 2010. Nevertheless, gold had another remarkable year, up 25% in 2010, its tenth straight annual gain. Meanwhile, over the same 10-year period, five major currencies -- the US and Canadian dollars, the euro, the British pound and the yen -- have lost between 70% and 80% of their value. In reality, gold is not rising; currencies are falling in value, and gold can rise as far as currencies can fall. Nick discusses the three dominant medium-term trends that pushed up gold prices in 2010 (central bank buying; movement away from the US dollar; China) as well as three longer-term, irreversible trends that will put upward pressure on the gold price for years to come (the aging population; outsourcing; peak oil). In addition to these trends, more and more investors will be competing to buy a shrinking gold supply. As safe-haven demand accelerates, there will be a transition from the $200-trillion financial asset market to the $3-trillion aboveground gold bullion market. About half of that $3 trillion is held by central banks as reserves; the remainder is privately held, and not for sale at any price. If the world's pension and hedge funds moved only 5% of their assets into gold, it would trade at over $5,000 per ounce. Nick's conclusion: Without any new financial crises, both mid- and long-term trends indicate that gold -- and silver -- will continue rising through 2011 and well beyond.

Euro Meltdown to Force Central Banks to Sell Gold

Gold is not a good investment in deflation. It only did well during deflation in the past because the gold price was pegged in US dollars, which is not the case now. I'm betting on Bernanke and inflation, so mostly own PMs. But I also fear we could have deflation if money printing won't inflate (i.e. pushing on a string). So I also plan to have cash (75% PMs, 25% cash) in case of deflation instead of inflation.

James Turk Gold heading to $8000/oz

GoldMoney's James Turk is one of my favorite experts I pay attention to. Gold is an excellent asset to own, but he needs to talk about silver a bit more. James emphasizes that gold has been money for over 5,000 years, so has silver. In fact the average gold to silver ratio in those 5,000 years has been much lower than its' current 58 to 1 ratio. This is where silver will eventually outperform gold, and relative wealth will increase for those who own it now.If gold becomes money it will be worth several times what it was worth last time it was money. The gold is about the same but the population has exploded. Gold is worth the labor it will buy.Gold is now starting its last Bull run which will take it to an all time high and simultaneously setup a 1oz purchase of 1 share of the DOW, this is likely to happen by as soon as the end of the year! Buy your Precious Metals now because it is VERY unlikely pricing will be better than it is right now. We are going to see moves of 5% in a day become a common event, I know its hard to believe but we are about to see a RUN on PMs like never before! Don't be a fool and continue to hold fiat currency, Precious Metals NOW!

Marc Faber : Gold Is Oversold Near Term

Marc Faber : “most markets peaked in May 2011.” Marc Faber expects “further weakness in the second half of the year. Corporate profits will disappoint … stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term.” Worse, he’s “very negative about the outlook longer term.” according to Paul B. Farrell of MarketWatch

Peter Schiff very Bullish about Gold Miners Stocks

Peter Schiff : Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it’s a huge opportunity for miners. I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock. - in goldinvestingnews

Gold May Have Been Manipulated Like Libor - Ned Naylor-Leyland

"It is effectively an intervention in two ways; one would be the fact that for central banks gold and silver going up doesn't make their currency look any good and secondly a number of the big commercial banks have very large short positions which they like to manage and make easy money from," Ned Naylor-Leyland, investment director at Cheviot, told CNBC.

Jim Rogers : Gold will be much, much, much higher over the next decade

Jim Rogers : I've actually owned gold for longer than 11 years. I'm not buying now. Gold went up 11 years in a row, which is extremely unusual for any asset. I don't know of any asset in history that's gone up 11 years in a row without a correction. Corrections are normal and are the way things should work, the way things do work. Having said that, I don't know when the correction will stop. It's normal in my experience for corrections to go down 30 or 40%. It's just the way markets work. Gold has not gone down that much. It's only gone down that much once in the past 11 years, and even then it ended the year up. I'm not buying gold at the moment. If it goes down a lot, I hope I'm smart enough to buy a lot more. I'm certainly not selling my gold, because I suspect gold will be much, much, much higher over the next decade. - in Oil Price

Gold Headed for $2,500/oz says David Morgan

David Morgan : it's both , the global currency mess and inflation fears that are gonna start that , probably any time , we will see higher prices in gold and silver says David Morgan we are in about 12 years right now in the gold rally says David Morgan so we have got a good five years left he said