Apple says it has told suppliers to stop buying minerals from Congo
Apple's statement came in response to a criminal complaint filed earlier in the day against the company in France and Belgium.
Believe it or not but I have identified 76 economists, academics, gold analysts and market commentators who have developed sound rationale as to why gold could quite possibly go to a parabolic top of at least $2,500 an ounce to even as much as an unimaginable $15,000 before the bubble finally pops!
When I first began writing about such projections (http://www.munknee.com/2010/06/why-many-analysts-see-gold-going-as-high-as-10000/) I was satisfied with identifying 10 individuals who were of the opinion that gold would attain a peak greater than $2,500. That list has grown to 76 (see below) of which 46 believe that $5,000 or more for gold is likely. I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months) to come.
Please note: If, in checking out the list below, you find a name or two missing I would appreciate you sending me his/her name and the URL of the article in which the individual states his/her case so I can have the most comprehensive list available on the internet. To be included in the list only projections of gold achieving a parabolic top of at least $2,500 per ounce, accompanied by sound reasons, will be considered. I will provide an updated list at a later date if warranted. Send email to [email protected].
Higher than $10,000
click on name to view link
3. Dr. Jeffrey Lewis: $7,000-$14,000;
4. Jim Rickards: $4,000 – $11,000;
5. Roland Watson: $10,800 (in our lifetime);
$5,001 – $10,000
1. Bob Kirtley: $10,000 (by 2011);
2. Arnold Bock: $10,000 (by 2012);
3. Porter Stansberry: $10,000 (by 2012);
8. Gerald Celente: $6,000 – $10,000;
9. Samuel “Bud” Kress: $6,000 (by 2014);
10. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
11. Egon von Greyerz: $5,000 – $10,000;
12. Patrick Kerr: $5,000 – $10,000 (by 2011);
13. Peter Millar: $5,000 – $10,000;
14. Ben Davies: $5,000 – $10,000;
15. Alf Field: $4,250 – $10,000;
16. Peter George: $3,500 (by 2011-13); $10,000 (by 2015);
17. Jeff Nielson: $3,000 – $10,000;
18. Dennis van Ek: $9,000 (by 2015);
19. James Turk: $8,000 (by 2015);
20. Joseph Russo: $7,000 – $8,000;
21. David Petch; $6,000 – $8,000;
22. Michael Rozeff: $2,865 – $7,151;
23. Martin Murenbeeld: $3,100 – $7,000;
25. Aubie Baltin: $6,000 (by 2017);
28. Lawrence Hunt: $5,000 – $6,000 (by 2019);
29. Paul Brodsky/Lee Quaintance: $3,000 – $6,000;
$5,000
2. Martin Hutchinson: $5,000 (by end of 2010);
6. Martin Armstrong: $5,000 (by 2016);
8. Tim Iacono: $5,000 (by 2017);
$2,500 – $5,000
1. Pierre Lassonde: $4,000 – $5,000;
2. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012);
3. James Dines: $3,000 – $5,000;
4. Bob Chapman: $3,000 (by 2011);
5. Larry Edelson: $2300 – $5,000 (by 2012);
6. Luke Burgess: $2,000- – $5,000;
7. Ian Gordon/Christopher Funston; $4,000;
8. D.P. Baker: $3,000 – $3750;
9. Christopher Wood: $3,500 (in 2010);
10. Adam Hamilton: $3,500 (by 2010-11);
11. Eric Roseman: $2,500 – $3,500 (by 2015);
12. John Henderson: $3,000+ (by 2015-17);
15. David Tice: $3,000 (by 2012);
17. Mitchell Langbert: $3,000;
19. Ambrose Evans-Pritchard: $3,000;
20. Trader Mark: $3,000 (by mid-2011);
22. Louise Yamada: $3,000 (by 2016-17);
25. Ian McAvity: $2,500 – $3,000 (by 2012);
26. Jeff Nichols: $2,000 – $3,000;
27. Graham French: $2,000 – $3,000;
29. Rick Rule: $2,500 (by 2013);
Conclusion
There you have it. Who would have believed that so many distinguished analysts would maintain that gold and, by implication, silver, (see my article http://www.munknee.com/2010/07/silver%e2%80%99s-historical-correlation-with-gold-suggests-a-parabolic-top-as-high-as-714-per-ounce/ for details) are likely to achieve such lofty levels as a result of the effects of our current financially troubled and volatile times? Their rationale is varied but each is sound in its own right. I have identified 76 analysts with such views and look forward to your assistance in adding to that number.
If we are to put any credence whatsoever into the rationale presented by the above analysts then it seems prudent for us to own some physical gold and silver in order to shield ourselves from future rampant inflation and currency devaluations and to ensure an outstanding return on our investment.
Yes, indeed, “Got Gold?”
Lorimer Wilson is the Editor of both www.FinancialArticleSummariesToday.com and www.munKNEE.com. He can be reached by sending an email to [email protected]
