Which is exactly why GOLD is the supreme form of money in human history. Even with all the erratic market movements of the last few years, along with the roller coaster market psychology playing out, gold has more or less stayed steady as a rock. Silver is the speculative play, gold is for life. I bought more gold this week. I feel happy every time I do.
We are well into 2012 and I just had a look at my list of forecasters. Those that predicted a parabolic peak in 2012 were Rob Kirtley $10.000,- Pat Kerr $5.000 - $10.000 James Dines $3.000 - $5.000 Taran Marwah $3.000 (by Dec '11 ) Bob Chapman $3.000 The list is getting longer The next one to watch out for are Mary Ann and Pamela Aden who predicted $3.000 to $5.000 by Feb 2012
Euphoria: That's hilarious.But as time has shown,even he was right quite a few times. Anyway,not many trading says left in 2012 and the POG is desperately trying to get back over US$ 1700. It is time to have another look behind my office door and see who else has missed in their predictions. Sue and Pamela Aden (personal friends of Harry Schulz)$3000 - $5000 by Feb 2012 Arnold Bock $10.000 by 2012 Porter Stansberry $ 10.000 by 2012 Greg McCoach $ 5000 by 2012 "Goldrunner" $ 3000 to $ 5000 by 2012 John Paulson $ 2400 to $ 4000 by 2012 These next two predicted that Gold would top out at : Ian Mc Avity $ 2500 - $ 3000 by 2012 Peter Hambro $ 2500 by 2012 Note: "By" could probably mean the beginning of the year as well as the end. In that case,watch these two : Larry Jeddeloh $ 2300 - $ 5000 by 2013 Charles Nenner $ 2500 by 2012/2013 re. John Paulson,I read that he increased his funds position in Gold in the last qtr which indicates to me that he is not too concerned about his predictions.Perhaps it is quite the opposite as he has gained more time to reach his target. Whether he intends to sell his bounty once Gold reaches $ 2400 remains to be seen. Newbies: Watch who you pick as your Guru.
Thanks Goldhamster Im new to this board and have been stacking (if I can call it that) for almost 10 years, when I bought some coins and left them in the corner so to speak... I did used to listen to Peter Schiff, he used to give wild estimates for gold. Whether they will come true or not I have no idea.. I dont post much, here to learn more than anything else and enjoy reading the board. Thanks Tom
The biggest problem with pundits is that they're under pressure to give estimates for people to want to listen to them. The basis of these estimates are derived on past trends, data and charting analysis, combined with a little guess work based on the logical conclusion of those trends. The problem of course is that the current market is not based on tradition supply and demand forces, is artificially rigged (criminally) and will defy common logic. So at best, the guesses thrown out there are based on false assumptions. This is turn makes the person giving the estimate lose credibility, when in fact all of their data analysis and logical conclusions are quite sound. I think this is a beneficial byproduct of the market manipulators to scare off potential investors, reinforcing that old adage that gold and silver are 'barbarous relics' of a bygone age. The key is to read between the lines. Ignore the white noise on top and listen to the fundamental arguement. Particular price points are irrelevant discussion, because any seasoned stacker knows PM markets read like a Richter scale on a day to day basis. What matters is where they end up and if you look at the trend line in recent years, you can see picking price points to base credibility from is really a moot issue.
Whether silver goes to the moon or resides in the gutter with me, I am always better off because I'm not spending money like a drunken sailor. (nothing against drunken sailors) Cash or money in the bank is too easy to piss up against a wall. If you need to cash in your stack, it takes time and effort.
David Morgan = $65 by end of 2012 David Morgan = $65 by end of 2013? Well....at least he is consistent. :lol:
I've never had a guru, I've watched them all, listened to them all - and I don't care a jot about what they say. They make money from their opinions, none of those guys are out to HELP you, only steer you towards something that makes them some money. Just be comfortable in what your doing. Ask yourself if you can lose money from a bad decision. And most of all, trust yourself - if you have a gut feeling, trust it, even if it turns out to be wrong. You can't trust anyone but yourself, when all cards are on the table. Making mistakes will hone your instincts, listening to others creates dependency. That's the opposite of fiscal responsibility, and is likely the main reason people lose billions of dollars every day in metals/share/real estate/bonds/forex/electrical tin openers/whatever. Sounds very cynical and bitter, but its not meant to be, its just truth.
Brother John said =$100 by end of 2011 =$+50 by end of 2012 but now he has got more smokes and mirrors with his language and tends to fudge this pricing thingy by flippantly suggesting tops but cleverly always pumping and ramping.
