Eric Sprott Gold Prediction - $2,400 In 2014

Eric Sprott continues to make super bullish price predictions calling for the price to just about double in one year. Best Online Bullion Dealer:



Mr. Sprott has also said that the metals will see new all time highs by the end of 2013.

Find more price forecasts by Jim Rogers, Peter Schiff, Marc Faber, Max Keiser, Gerald Celente, David Morgan, Bill Murphy, James Rickards and Eric Sprott here

BitCoins Vs Gold

I analyze the Gold chart over the past 100 years and I compare it to Bitcoins. Based on the price action of Bitcoins, I had a gut feeling that this price would be crashing down.

Gold Handcuffed To Fed Decisions

Gold is trading slightly higher at midday ahead of Tuesday's Fed meeting. David Williams of Strategic Gold says gold's fundamentals haven't changed, they're just tied to the Fed's QE policy. TheStreet's Debra Borchardt reports from the NYSE.

BITCOIN worth more than GOLD!!?? End of banks ?

It's Bitcoin's big day! The digital 'crypto-currency' has passed the $1,000 mark for the first time in history, marking a growth of some 4,000% since the beginning of the year. The milestone was recorded by Tokyo-based Mt Gox bitcoin exchange.

Jim Rickards on Bitcoin, Gold, and Fed Printing Money, QE

PARTIAL TRANSCRIPT:
FutureMoneyTrends.com: Greetings and thank you for joining us at FutureMoneyTrends.com. I'm here at the Casey Summit with Jim Rickards. He's the author of Currency Wars. He has a new book coming out as well. What is it called?

James Rickards: It's called The Death of Money: The Coming Collapse of the International Monetary System. It'll be out in April; April 8th is the publication date. I finished writing it about a month ago and we're in editing.

It's a funny thing, Dan. We live in a world of what I call instant digital gratification, whether it's YouTube or Twitter, everybody wants to put everything out there immediately, but a book is still an old-fashioned process.

It takes a year to write it and edit it and bind it, so it'll be out in April and I'll be talking more about it between now and then.

FutureMoneyTrends.com: It should be very interesting because I'm sure some of your analysis will have either been proven right or proven wrong in the book, am I right?

James Rickards: Well, that's right, I mean it is forward-looking, so I say a lot of things in the book that I will be looking over in the years ahead, but sure. It's something coming out in six months, it'll be a good test to see how things play out. We'll see if they play out as expected. That's exactly right.

FutureMoneyTrends.com: I've always wondered in the dollar crisis scenario if right on the cusp of the market just melting down and going crazy that Obama and whatever Fed chairman of that time, say, next to him and they're instituting a gold standard.

Do you think it's possible that they, right before a major crisis is about to happen, they come in and switch the currency?

James Rickards: I don't think so. I think there are several scenarios: one is that we get to a gold standard by design.

In other words, people look at the system and they say that it really is not sustainable, it really is based on confidence, but we're in the process of eroding confidence. There is no exit from quantitative easing. We should say there's no good exit. You can back away from it, but then you'll implode the economy in a deflationary crash.

Or you can keep going and eventually cause a loss of confidence in the dollar and then have a hyper-inflationary crash, so you got a crash either way. One looks like the Great Depression, one looks like the late '70s but worse. Those are the only two paths, but there's no other path. There's no way we can just sort of taper, reduce it, finesse it, try to get growth on a self-sustaining path.

The reason for that is we're in a depression. And depressions are structural problems; they require structural solutions. You cannot use a liquidity solution for a structural problem. You need a structural solution.

So there's nothing the Fed can do to solve the depression or to change the structural problems in the U.S. economy. I mean, they're assuming, they're saying, "We're gonna print money until unemployment gets to 6 and a half percent." Who says there's any relationship between printing money and unemployment? There's no necessary relationship there. One's monetary, one's structural, so you need to do other things. So therefore they're gonna keep going, but they think they're right.

I may be a critic and I may be able to point out why they're wrong, why their models are wrong and why this says "No Good Exit," but they think they're right and they're gonna keep going and kinda drive the bus over the cliff.

Now, at that point, when the crisis emerges, they may have to go to a gold standard. They don't want to, but they may have to, to restore confidence. But I'm very doubtful that they'll do it as a matter of choice and say, "Look, we need to do this, let's just do it now, let's be honest, let's be transparent, let's be thoughtful." You could do that but I think that's very unlikely.

FutureMoneyTrends.com: So in 20 years from now, do you think the world will look back and it will be the 2008 to whatever is going to be depression?

James Rickards: Yes!

FutureMoneyTrends.com: Because nobody would ever say that it's a depression now, I mean you're saying it is and your analysis; by the way, anybody who missed your speech, it's unfortunate because every word out of your mouth is backed by so much data and charts and statistics so, ultimately you think people will look back at this time and everyone will acknowledge that it's a depression?

James Rickards: Oh, certainly. I mean, first of all I'd say it started in 2007. 2008 was the panic and it was an emergency liquidity response to that, but the roots of this really go back to 2007. That's when the sub-prime crisis erupted, that's when the Bear Stearns hedge funds melted down. That's when the Fed first started in to cut the discount rate and respond a little bit

Gold Tumbles on Robust Jobs Data

Gold prices are tumbling as traders bet the Federal Reserve will begin to taper sooner than expected. Chart Prophet's Yoni Jacobs weighs in.

Financial Astrologer Mahendra Sharma Gold, Silver and Palladium Predictions

Kitco News speaks to financial astrologer Mahendra Sharma about his gold, silver and palladium predictions for the coming months. "If someone is looking for a long-term bet for gold, I think they should wait," he says. "There will be a time between now and July that gold may drop drastically." Despite these predictions, Sharma does have good news for metals traders. "I can call 100% bottom for gold in July 2014." He advises people to hold cash until an opportunity arises, as gold prices could see a drastic 15% fall. Sharma says to get ready to buy metals by the end of March or June 2014. With regards to other metals, Sharma says that palladium is his favorite metal for 2013 and he predicts a bull market for the coming year. "I am predicting here on Kitco that the time is coming for palladium and platinum prices to reach near par," he adds. Tune in now to our Halloween special with Mahendra Sharma as we look to the stars for answers. Kitco News, October 31, 2013.

Gold Down Oil Flat after FED Statement !

Gold Tumbles as Hawks Grip Fed; Oil Flat

Gold tumbles as a hawkish tone grips the Federal Reserve, while oil trades flat as inventories increase. Capital Gold Group's Jonathan Rose explains what to expect in gold movement ahead.

Gold's "Wishy Washy" Trading, Needs to Consolidate - Peter Hug

Kitco's Peter Hug is in studio to talk gold prices, U.S. jobs numbers and a potential U.S. crisis by the end of the year. "The [gold] market is in my opinion trading in a 'whishy washy' type of manner. I think it needs to consolidate here," Hug says. "[Gold] absolutely needs to hold $1,325 to continue the upward momentum." According to Hug, as long as equity markets have some upward momentum, his target is $1,355 between now and when the "next crisis" occurs at the end of the year. "I think the focus in the very short term, over the next 4 weeks or so, is going to be related to the value of the U.S. dollar relative the Euro and the movement in the equity markets," he adds. With regards to the looming debt ceiling debate in 3 months, Hug says holding a core position in gold covers the worry element of the market. Tune in now to hear what Hug has to say about the Fed and precious metals prices. Kitco News, October 23, 2013.

PETER SCHIFF : GOLD is Now Selling for Less than Mining Costs

If GOLD in the US reverts to equal to the money supply, M2, it would have to be between 60-90K per oz. Even if it only covers 10% of the money supply, it should be between 6-9K per oz. If it were to cover the whole money supply, M3, it would have to be between 380-560K per oz. At a minimum, gold/silver will go up by at least 5X. Maybe as much as 45X current prices. Precious metals are the buy of a lifetime. Buy every ounce you can afford.

Bob Chapman : Gold at $2000 before the end of the year

Bob Chapman - Discount Gold & Silver Trading 29 June 2011

Bob Chapman : The Banks in Europe are all broke and it is also true for the United States , the Banks are all broke and anybody who keeps his money in the banks except for operating expenses should have their heads examined , CDs are guaranteed certificates of losing your money ....if anybody believes that there is a way out there is something wrong with them because this is terminal there is no way out there is no way to save America and have it the way it was before , America can survive if we have tariffs if we break up all these treaties which will come but they are not going to do it 95 percent of the congress is paid off , the American people have to get that over their heads you do not have representation , , Gold has a good shot of breaking the $2000 level before the end of the year , it is all paper market and they cannot manipulate it for so long says Bob Chapman of the International forecaster....

Bob Chapman : Central Banks Gold Holdings are bogus

Bob Chapman : The Central banks are allowed by the IMF to lease their gold , they lease it let's say to JP Morgan Chase hypothetically and they get 0.3 percent in interest , obviously they are not doing it to get an income or an income stream ...the IMF allows all these central banks if they chose to , to lease gold to say JP Morgan Chase let's say it is a billion dollars worth and let's say it is for ninety days and at the end of ninety days JP Morgan Chase does not return the gold they give the money US Dollars , so effectively the gold has not been leased it has been sold , now the IMF allows them and this is mind bugling all these central banks to carry all their leased gold on their books as still belonging to them even though they got paid for it , and so that's why all the figures that you see for the gold and silver holdings at the central banks around the world all are bogus

James Turk : Gold is a sterile asset

James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation



One could argue that with the paper manipulation in the gold and silver markets, holding physical gold and silver will BOTH preserve wealth AND create wealth.


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman - Gold 8000 and JPM - 02/2011

Bob Chapman - A Marines Disquisition: - Gold 8000 and JPM - 02/2011

World Gold Council 2011 outlook for Gold

Feb. 17 2011 | Gold demand hitting a 10-year high in 2010, with George Milling-Stanley, World Gold Council, and CNBC's Bob Pisani.

Gold, Copper Due for Pullback

Feb. 14 2011 | Copper and gold prices have seen a run-up and John Licata, Chief Commodity Strategist at Blue Phoenix says they are now due for a correction. He tells CNBC's Karen Tso and Martin Soong what looks attractive to him now in the commodities space.

Gold is having technical problems breaking above $1,350

Jan. 31 2011 | Todd Horwitz, chief strategist at Adam Mesh Trading Group, says gold is having technical problems breaking above $1,350. Michael Preiss of Standard Chartered Bank believes investors should reduce their precious metals holdings. They share their thoughts, with CNBC's Martin Soong.

Gold Weakens as Dollar Gains on Europe Debt Woes

By: Reuters
Gold fell 1 percent on Friday as the dollar pushed to fresh two-month highs against the euro on worries that Ireland's debt crisis was spreading and on growing speculation of an imminent Portuguese bailout.
However, gold was underpinned by some modest safe haven buying amid investor nervousness over the European debt crisis after a newspaper report that euro zone nations were pressuring Portugal to follow Ireland's lead and seek a bailout. Portugal and Germany's finance ministry denied the report
read entire article

Crisis of Fiat Currencies: US Dollar Surpluses Converted into Gold

Bob Chapman
The International Forecster
November 22, 2010
Something is going on that your government does not want you to know about. Very few journalists have written about it and little or nothing has appeared in the mainstream media. The story could be one of major stories of our time.
Western powers have tried to destroy gold as a backing for currencies for many years. Presently the major media won’t touch the story and that is understandable.

Something we have been writing about for years is the Shanghai Cooperation Organization known as SCO. Few have been listening and few have been interested in what their mission is and what they have been up to.
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Gold Silver And Commodities Likely Safer

Gold Silver And Commodities Likely Safer
An excerpt from Bob Chapman's weekly publication.
November 17 2010:

Oil can burn us badly, no wealth creation, not a good time to raise taxes, the time is now to discuss the antidote, Senate gridlock ahead, bears making lemons out of lemonade. Social Security adjustment in the mail.

We hear stories about oil and about how it will probably move higher, perhaps to $150.00 a barrel and perhaps higher. This is the first time in more than three years that it has moved to lofty levels. The net speculative long position is more than 200,000 contracts, or about 35% higher than in 2007. Some economies are doing well, particularly in Asia and in Latin America, but not enough to create such higher prices. $60.00 a barrel would more nearly meet demand. As is being experience by the entire commodity sector prices reflect the tremendous fear about money and credit unleashed over the past eight years, particularly over the past 2 years under QE1. That has produced unusual profits for commodity producers, as well as base and precious metals producers. This in turn will lead to higher wholesale prices for goods and part of that will spread to services as well. That in turn will force manufactures and others to raise prices, which will cut revenues and to some extent profits. If not passed on to consumers’ profits could fall more dramatically.
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