Skip to main content

Gold Going to Parabolic Top of $10,000 by 2012?

By: Arnold Bock www.FinancialArticleSummariesToday.com No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons – sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations – which will all contribute to rampant price inflation. Not surprisingly, I have company in that view:   Money manager, Peter Schiff, told Business Week recently that, "Gold could reach $5,000 to $10,000 per ounce in the next 5 to 10 years” and highly respected economist David Rosenberg is of the opinion that "There is no doubt that gold can easily double from here." THE CAUSES 1. History is No Guide Gold has only been trading freely since President Nixon’s 1971 decision to deny gold…
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.