Buy Gold: Top forecasters expect gold to hit $1950 by March next year

Gold Investment - 7 November 2011

Bloomberg, a mainstream site that focuses on business and other financial news, has acquired gold price forecasts from no less than 8 of the 10 analysts they are tracking. The average (median) gold price forecast comes to $1950 an ounce by the end of the 1st quarter (March 2012).

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Invest in precious metals today! Contact us for details.

One forecaster, Ronald Stoeferle (Erste Group Bank AG), who ranks second for accurate forecasts over the past 3 months, has summed it up perfectly: “The environment for gold is just perfect” (Top Gold Forecasters See Bullion Rallying to Record by March: Commodities, Bloomberg, Debarati Roy, 2 November 2011). It is perfect indeed: The debt crises in both Europe and the U.S., although in the last instance not really mentioned in the mainstream, remain unresolved. In fact, in the U.S. for one they are creating additional mountains of debt as if there is no tomorrow. In addition, economic growth is stagnating, mainly because of scary food and fuel price increases fueled by the ever increasing fall in the purchase value of fiat currencies (fiat money, electronic money, non-redeemable paper notes). The debt-based monetary system, like all scams, politically and otherwise, must come to an end at some stage or another. It should not come as a surprise that the illusion of paper or debt-based wealth fuelled by fiat currencies will not and cannot last forever. This has already been proven in history beyond a reasonable doubt. You have two options: Learn the lesson in time, acquire or buy precious metals such as gold and silver before the ultimate debt-based monetary collapse knocks on the door, or choose to ignore all the signs of a collapse, continue to live in La La Land and experience immense pain when the collapse comes.

Invest in precious metals today! Contact us for details.

Invest in precious metals today! Contact us for details.

Make no mistake about it: When the ultimate collapse comes, when paper or debt-based assets get wiped out overnight, you can expect to take a great deal of pain if you have the bulk of your life savings (pension, etc.) locked up in fiat currencies. If you don’t own any precious metals such as gold and silver at that stage, you can expect to suffer immensely as a result of it. Thus, it is best to acquire gold, physical gold that is, while gold is still trading at price levels well below a $1950 an ounce as predicted by the top forecasters tracked by Bloomberg.