2010 Gold Price Projections
Posted by Adam King on December 04, 2009
December 4, 2009 – Many media outlets have published 2010 gold price projections recently, and investors have utilized these predictions in making the decision to invest in physical gold. While some forecasts call for gold prices to reach outlandishly high levels next year, some of the more conservative 2010 gold price projections have been listed in this update.
For the best information on today’s gold market, call us directly or register for our 2010 Insider’s Guide To Gold Investing below.
• Financial analysts at CitiFX believe that gold could rise 11% in the next three months, which would put the gold spot price at $1300. CitiFX has been calling for the rise in gold since the ore was valued at $255 per ounce on the COMEX division of the New York Mercantile Exchange (NYMEX). It is notable that an 11% gain over three months would trounce the vast majority of US interest-bearing accounts.
• Dr. Michael Berry is a world renowned economist and he predicted the collapse of the housing industry and the current credit crunch years ago. Dr. Berry believes that our dollar’s devaluation will continue, and he thinks that this will have a rich effect on gold prices, as it did historically. Dr. Berry believes that the gold spot price gold could eventually climb to $1500, and he feels that silver’s spot price could achieve above-$35 levels at around the same time.
• The former President of Princeton Economics, Martin Armstrong, believes that investors will most likely flock to gold in the coming years, especially if consumer confidence within the United States continues to fall. Armstrong foresees gold prices of $1350 in 2010, and he believes that our economy will cross into a substantial “danger zone.” Armstrong’s projections are based on his belief that higher demand for safe-haven assets will drive gold prices.
While stocks, bonds, and cash accounts have been projected to lose significant value over the next few years, gold prices could continue to escalate in response to the falling dollar and our economy’s “wobbly legs.” The 2010 gold price projections that have come forth could be excessively high or even far below the numbers that will actually materialize, so keep a close eye on the gold market with the Certified Gold Exchange.
If you feel that you require some protection with a hard asset like gold, and you think that gold could go up over time, give us a call or register below to receive your copy of our 2010 Gold Price Projections Insider’s Guide.
Senior Staff Writer – Certified Gold Exchange
US Gold Market