Comments on: The Five Reasons Gold Will Hit $5,000

By: Yan vanDooren

Yan vanDooren — Sat, 21 Jan 2012 16:58:49 +0000

Today saturday 21January2012 a lot of these comments seem silly or wise. Nobody can predict the future accurately but smart girls and guys can observe trends. Gold is certainly more valuable than paper fiat money backed only by fuzzy promises made by weak and corrupt politicians.
I bet on a further increase of gold from 1600$ per ounce this week to more than 2000$ this year 2012. More will be a bonus and less will be a slight disappointment.

By: making plenty of money

making plenty of money — Fri, 14 Oct 2011 12:13:18 +0000

hahaha WRONG

By: jase

jase — Tue, 23 Aug 2011 00:59:30 +0000

haha really?

By: Charlie

Charlie — Mon, 18 Apr 2011 04:02:45 +0000

Wealth of knowledge, thanks for the good read!

By: fred

fred — Sat, 19 Mar 2011 15:30:35 +0000

I have looked at the past….and no not 20 years back but more then that ,roam, France, Germany, and yes early America. history repeats it's self that is true. in all these places gold/silver were money, they were devalued by way of adding more copper to the coin or printing more fait currencies causing the buying power to drop, and as a side effect, inflation what has always happened. with every situation is this…..every one realizes the fait currencies is simply a counterfeit produced by a failing government, being that.. currencies or diluted gold/silver coins are based on gold it's self .even so to day (fractional reserve banking)the us fed still backs the dollar with gold but it's a minuscule amount and is gets diluted every time the government prints more cash, some one signs a loan, some one uses a credit card ex….. even if the us was all taxed 100% and every body had a job, the debt can never be paid back. china and other countries holding treasuries and dollars from America have already shown distrust thus far and china has actually ordered the people of the countries to buy gold/silver up and more then 50% are going back to the gold/silver currencies and they are getting rid of the worthless dollar . all in all in the end every civilization has failed on fait currencies and those who hold the gold/silver are rich…5,000 lol that’s a reasonable number indeed and sounds good, but if we crash the dollar and the world goes in to a depression…well I don’t measure any investment in dollar because it lies, so this is what i think will happen to the (value) of gold……like in Germany when they printed 1 to many marks and they imploded,1 oz of gold could buy an entire city block, those who have dollar fixed debts will be able to pay them off in a heart beat like nothing. and for your gold being taken??? its more like a buy back and who better to sell your investment off to when it bobbles then the government. So i don’t think 5,000 counterfeit dollars is out there to think will be a new value and i also think one day silver will be the same value as gold because it actually is….all i have to say to any one here thinking about investing. remember this… if you save 100 dollars in ten years it will only be able to buy 50 dollars worth of stuff due to inflation under normal circumstances (not hyper inflation) but if you take just your savings(100) and buy gold or silver (the actual coin or bar in hand) your value will still be able to buy 100 dollars worth of stuff and leave you with another 250 to play around with. 5,000 like in Germany wont even be able to buy you a loaf of bread if we hyper inflate and gold always stays up with inflation soo all your dollar fixed loans and such will evaporate when you sell some of your gold of silver to pay them off. Keep an eye on silver though because it is under a false value right now because of it being sold on paper and it shows 2 times more silver then is really out there and just wait until other governments buy up silver so go out and get a few 100 silver oz eagles and maybe 5 or six gold eagles and hold on for the ride..

By: Robert Van Etten

Robert Van Etten — Mon, 07 Mar 2011 18:26:47 +0000

R.C.V. here. My question is this. What happens when our economy causes us to sell off our sae haven of gold and silver? What will this do to the price of precious metals? I'm only thinking out loud but that is why we aquired them for when times get tuff. Thanks R.C.V.

By: tom

tom — Sat, 22 Jan 2011 04:14:10 +0000

Gold will decline back to $800.00 per ounce by june of 2011, and sit at this price for 8 years.

By: Ray

Ray — Thu, 23 Sep 2010 14:50:02 +0000

Never exicted on gold remeber 80's

By: Cashing in on Canada: Four Ways to Profit - Big - From the World's "Safest Economy"

Wed, 04 Aug 2010 10:03:04 +0000

[...] Money Morning Special Report: The Five Reasons Gold Will Hit $5,000 [...]

By: Gold Will Hit $5,000 an Ounce Long Term ... But the Near-Term Profit Prospects Are Even Bigger

Thu, 29 Jul 2010 15:08:43 +0000

[...] interview with Money Morning. William Patalon III (Q): Earlier this year, you publicly stated that gold could go to $5,000 an ounce, long-term. Do you still feel that way? What are the catalysts that will make that forecast come [...]

By: Alaskan Gold Miner

Alaskan Gold Miner — Sat, 24 Jul 2010 02:41:48 +0000

I don't buy PM's to make money. I buy them in case the US government goes tits up and dollars are worthless, or in case there is a collapse and all the money in bank accounts and stocks goes "poof" and disappears. I buy PM's because I cannot get any human to tell me how the US gubment can deal successfully with the 14T+ in debt. Noone has proposed a solution to that problem that is acceptable. I don't think there is one. PM's MIGHT be worth something when dollars are toilet paper or are non-existent. I'd also recommend buying food, guns and ammo, water filtration/storage equipment, solar panels for emergency power (1 panel would provide power for a few lights and a radio), land that will grow food, gardening tools, etc. I think the financial crisis is in the preliminary stages and will get a lot worse before it gets better. It has revealed that our banks, investment firms, government regulators, US congress, etc, etc, etc are PACKED with criminals. We can depend on them to continue to act like criminals. THAT'S WHAT THEY DO. LOOK OUT FOR YOURSELF. THE CRIMINALS ARE OUT TO TAKE EVERYTHING FROM YOU.

By: Boris P

Boris P — Mon, 21 Jun 2010 20:33:42 +0000

LOL! You're playing musical chairs with people who are creating this market. They know when to stop, you don't. Many of you are going to find out how it felt to own Tulip bulbs at 1000 guilders only to wake up one day to find they are worth 10 guilders.

Buy value, not hype.

By: mike

mike — Fri, 18 Jun 2010 02:36:32 +0000

Gold hoarding like Pharohs

By: SilverBars

SilverBars — Thu, 13 May 2010 15:18:10 +0000

With Gold hitting $1250/oz it seems like we may hit $1500 by summer! Silver has been trailing though, unable to break its previous high. Maybe we'll see some action there.

By: rolf

rolf — Thu, 13 May 2010 11:50:06 +0000

hello Krauth,

whilst you positively believe much in gold as do most investment consultants or analysts, you made 5 logical points.

still, as readers or potential investors, we have 4 logical concerns that no articles ever, by you or others, are concerned with, but which raise legitimate doubts on gold:
1. how, where do individuals buy gold?!
2. is it true u.s. gov. taxes 38% off gold sales?!
3. is it true ETFs are considered paper money, not owning real physical gold – then what is the real risk, if any, of not owning real gold?
4. how big a risk is there if Obama does the Roosevelt move of an EO to force us all to sell our gold at fixed (negative) rate to shorten our profits (no to mention also tax us at 40%)?!

please someone, you Peter Krauth or someone at your publishing house, answer realistically,
or else we have no use for subscribing to your publications!

sincerely,
rolf neumann

By: lyle wilkinson

lyle wilkinson — Fri, 16 Apr 2010 22:52:15 +0000

please seng all stock recomendations

By: finola fogarty

finola fogarty — Wed, 14 Apr 2010 11:48:15 +0000

where to sell ones gold is the question I need answered. I am in canada and am not sure where to go with it to minimize commissions.Also are there any good gold stocks to be reccommended at this juncture? Thanks all.

By: boatman

boatman — Mon, 29 Mar 2010 11:37:25 +0000

jimbo–republic is a good compny, so is united precious metal refiners…….but coins are too high premiumed……..9999 gold is 9999 gold…..jewelers bars is the way to go…

By: thomas bleser

thomas bleser — Thu, 25 Mar 2010 13:59:33 +0000

Let's not forget the key point you mentioned, and that is before the scratch of a pen by a US president (RMN) a few score years ago, gold wasn't for speculative sale at ANY price because a few score years prior to that another scratch of another pen by another US president (FDR) had simply made it that way. and we had to solder jewelery loops to our gold coins and carry them around on our watch fobs (and/or bury it in our basements) to keep Uncle Sam from confiscating it in what some perceived as his national interest.

Maybe it would be wise to hedge your risk by putting some of that speculative savings into other kinds of precious metal (copper, silver, platinum, palladium and so on).

By: Royce

Royce — Wed, 10 Feb 2010 22:03:41 +0000

I agree with the comments made about the gold market being fixed by COMEX, NYMEX, etc. The problem with market manipulation though is that it is doomed to failure eventually. The COMEX may be able to short enough gold into the market to tamp down prices some but what about sugar? Coal? Oil? Copper? Cotton? etc. There is a day coming soon when the tide will sweep all this BS away and gold will reset its price and that probably will be upwards of $5000. Maybe more…who knows how bad inflation is in other sectors by then. My humble recommendation is to by physical metal and shun any proxy like ETF's. I know that many of you use them but they are very likely a tool of the suppression scheme. Good luck everyone and for heaven's sake buy some Krugerrands or Eagles if you don't have any. Stay away from paper gold and you won't get burned.

By: PJN

PJN — Tue, 02 Feb 2010 23:56:32 +0000

there is a great company that has been very helpful and knowlegdable in the precious metals. his analysts have been spot on and the mom and pop service is great. speak to patrick. company name is Yorkshire Bullion. add a .com to the name for the website. he gave me information that hadnt even come out yet and seems to have my best interest in mind and has made me quite a bit of money. i agree that gold will soar and everyone should be protected against what is going on

By: John Kerttu Houghton Michigan

John Kerttu Houghton Michigan — Mon, 25 Jan 2010 17:16:19 +0000

Why doesn't gold and silver, and all other commodities, too, keep up with inflation every year.
If your theory is correct then gold should never fall behind inflation adjusted prices by 50% at any time.
Yet, each time we have seen a bubble in something, Larry and the other GOLD SELLERS keep saying gold will double or triple in value within two years.
I have seen the same thing several times in my 60 years and the GOLD SELLERS are always wrong about the exact amount gold prices will go up and how many years it will take.
To reach equality at the NEW INFLATION ADJUSTED PRICE FOR ONE OUNCE OF GOLD;
HOW MUCH WILL INFLATION BE OVER THE NEXT TWO YEARS?
HOW MUCH MORE WILL MY JOB PAY ME TWO YEARS FROM NOW.
HOW MUCH WILL THE BASIC NECCESSITIES, FOOD, SHELTER, CLOTHING,TRANSPORTATION, COMMUNICATION, COST IN 2014.
Look deep into your own "crystal balls" and come up with a realistic answer.
Dec 2009 Larry predicted gold prices would drop to 1080 and then rally. Today gold is $1097.
Where will the price of gold be next month or next year.
Why did the price of gold drop when the stock market dropped last week?

By: K W Foo

K W Foo — Fri, 22 Jan 2010 02:01:17 +0000

Gold price should go higher than now, at least to USD 2000 per oz as taking inflation and stock availability into consideration. Moreover, the present situation, all government just priting money without taking into consideration of their country currency value. All things in this world, must return to basis one day. Likewise, the monetary subject. In those olden days, gold is used a a form monetary transaction. therefore, one day, gold will get back to its olden days and being used a monetary tool in the business world. In fact, if one day the gold price shoot up to be more than USD 3000 per oz, I will not suprise. In fact, waiting for the day. Just to conclude, the quantity of gold being mined is getting less and less. But the cost of mining is increasing, hence, pushing the price higher.

By: cocamams

cocamams — Thu, 21 Jan 2010 01:43:20 +0000

you think the Saudi's would be foolish enough to release this abundant amount of gold quickly… they would guarantee hold back and drive it higher especially them. would you knowingly risk a possible margin loss because you flooded a market, with product, they as every other business have cost. cost being relatively fixed, and there return exponential in a market like this.

best of all opinions.
cheers.

By: tyler

tyler — Tue, 19 Jan 2010 22:24:27 +0000

I agree. I originally bought gold and got sucked into the gold market but after I did some research and studied the facts I sold my gold and bought silver. If gold does go to five thousand I would expect silver to go to five hundred. An investor would make way more money with silver. The author missed the real investment story in the metals. As for the guy who said we have to pay some forty percent in taxes thats the second time I've heard that. I don't plan on selling my silver I will barder it.