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$2,500? $5,000? $10,000+? Gold Price Forecasters Play A Fool’s Game As These 148 “Fools” Can Attest

This article looks back at the published gold price projections of 148 “analysts” and it is clearly evident that none – not one – knew what they were talking about. By trying to do so they were all playing a fool’s game.

  • All 148 projected that gold would eventually reach a parabolic peak price of at least $2,500/ozt.,
  • 100 of them saw gold reaching at least $5,000/ozt., 
  • 17 predicted a parabolic peak price of as much as $10,000 per troy ounce and
  • 12 are on record as saying gold could go even higher than that. 

Take a look below at who projected what future gold price they expected, by what date (most hedged their bets here by not providing a time frame so they would have a greater chance of eventually being right) and why such was likely.   (Want your very own financial site? #munKNEE.com is being given away – check it out!)

Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) identifies below the 148 analysts/pundits (“fools”) by name with their price projections and time frame. Please note that this complete paragraph, and a link back to the original article, must be included in any article posting or re-posting to avoid copyright infringement.

12 Analysts Believed Future Gold Price Would Go Above $10,000

  1. DoctoRX: $20,000 (by 2020);
  2. Mike Maloney: $15,000;
  3. Ben Davies: $10,000 – $15,000;  
  4. Howard Katz: $14,000;
  5. Jeffrey Lewis: $7,000 – $14,000;
  6. Jim Sinclair: $12,455;
  7. Goldrunner: $10,000 – $12,000;
  8. Martin Armstrong: $5,000 – $12,000 (by 2015/16);
  9. Robin Griffiths: $3,000 – $12,000 (by 2015);
  10. Jim Rickards: $4,000 – $11,000;
  11. Roland Watson: $10,800;
  12. Dylan Grice: $10,167

51 Analysts Saw Gold Going Over $5,000 to as High as $10,000

  1. Arnold Bock: $10,000;
  2. Porter Stansberry: $10,000;
  3. Peter George: $10,000 (by 2015);
  4. Nick Barisheff: $10,000 (by 2016);
  5. Tom Fischer: $10,000;
  6. Shayne McGuire: $10,000;
  7. Eric Hommelberg: $10,000;
  8. Marc Faber: $6,000 – $10,000;
  9. David Petch: $6,000 – $10,000;  
  10. Gerald Celente: $6,000 – $10,000;
  11. Egon von Greyerz: $6,000 – $10,000;
  12. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years);
  13. Peter Millar: $5,000 – $10,000;
  14. Ron Paul: $5,000 – $10,000;
  15. Roger Wiegand: $5,000 – $10,000;
  16. Alf Field: $4,250 – $10,000;
  17. Jeff Nielson: $3,000 – $10,000;
  18. Dennis van Ek: $9,000 (by 2015);
  19. Dominic Frisby: $8,000;
  20. Paul Brodsky: $8,000;  
  21. James Turk: $8,000 (by 2015);
  22. Joseph Russo: $7,000 – $8,000;
  23. Bob Chapman: $7,700;
  24. Tim Guinness: $7,500 (by 2025);
  25. Michael Rozeff: $2,865 – $7,151;
  26. Jim Willie: $7,000;
  27. Greg McCoach: $6,500;
  28. Chris Mack: $6,241.64 (by 2015);
  29. Chuck DiFalco: $6,214 (by 2018);
  30. Jeff Clark: $6,214;
  31. Urs Gmuer: $6,200;                                                                                          
  32. Aubie Baltin: $6,200 (by 2017);
  33. Murray Sabrin: $6,153;
  34. Adam Hamilton: $6,000+;                                                     
  35. Samuel “Bud” Kress: $6,000 (by 2014);
  36. Robert Kientz: $6,000;
  37. Harry Schultz: $6,000;
  38. John Bougearel: $6,000;
  39. David Tice: $5,000 – $6,000;
  40. Laurence Hunt: $5,000 – $6,000 (by 2019);
  41. Taran Marwah: $6,000+;
  42. Rob Lutts: $3,000 – $6,000;
  43. Martin Hutchinson: $3,100 – $5,700;
  44. Stephen Leeb: $5,500 (by 2015);
  45. Louise Yamada: $5,200;
  46. Jeremy Charlesworth: $5,000+;
  47. Przemyslaw Radomski: $5,000+;
  48. Jason Hamlin: $5,000+;
  49. David McAlvany: $5,000+;
  50. Pat Gorman: $5,000+;
  51. Mark Leibovit: $3,600 – $5,000+
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Cumulative sub-total: 63

37 Analysts Maintained That Gold Would Go As High As $5,000

  1. David Rosenberg: $5,000;
  2. James West: $5,000;
  3. Doug Casey: $5,000;
  4. Peter Cooper: $5,000;
  5. Robert McEwen: $5,000; (by 2012 – 2014);
  6. Peter Krauth: $5,000;
  7. Tim Iacono: $5,000 (by 2017);
  8. Christopher Wyke: $5,000;
  9. Frank Barbera: $5,000;
  10. John Lee: $5,000;
  11. Barry Dawes: $5,000;              
  12. Bob Lenzer: $5,000 (by 2015);
  13. Steve Betts: $5,000;
  14. Stewart Thomson: $5,000;
  15. Charles Morris: $5,000 (by 2015);
  16. George Maniere: $5,000 (by 2015);
  17. Marvin Clark: $5,000 (by 2015);
  18. Eric Sprott: $5,000;
  19. Nathan Narusis: $5,000;
  20. David McAlvany: $5,000;
  21. Standard Chartered: $5,000 (by 2020);
  22. Bud Conrad: $4,000 – $5,000;
  23. Paul Mylchreest: $4,000 – $5,000;
  24. Pierre Lassonde: $4,000 – $5,000;
  25. Willem Middelkoop: $4,000 – $5,000;
  26. James Dines: $3,000 – $5,000;
  27. Bill Murphy: $3,000 – $5,000;
  28. Bill Bonner: $3,000 – $5,000;
  29. Peter Degraaf: $2,500 – $5,000;
  30. Eric Janszen: $2,500 – $5,000;
  31. Larry Jeddeloh: $2,300 – $5,000 (by 2013);
  32. Larry Edelson: $2,300 – $5,000 (by 2015);
  33. Luke Burgess: $2,000 – $5,000;
  34. Robert Lloyd-George: $5,000 (by 2014);
  35. Heath Jansen: $2,500 – $5,000;
  36. Jeff Nichols: $2,000 – $5,000;
  37. Julian Jessop: $1,840 – $5,000

Cumulative sub-total: 100

40 Analysts Thought Gold Would Increase to Between $3,000 & $4,999

  1. David Moenning: $4,525;
  2. Larry Reaugh: $4,000+;
  3. Oliver Velez: $4,000+;
  4. Ernest Kepper: $4,000;
  5. Mike Knowles: $4,000;
  6. Ian Gordon/Christopher Funston: $4,000;
  7. Barry Elias: $4,000; (by 2020);
  8. Lindsey Williams: $3,000 – $4,000;
  9. Jay Taylor: $3,000 – $4,000;
  10. Christian Barnard: $2,500 – $4,000;
  11. John Paulson: $2,400 – $4,000;
  12. Paul Tustain: $3,844;
  13. Myles Zyblock: $3,800;
  14. Eric Roseman: $2,500 – $3,500 (by 2015);
  15. Christopher Wood: $3,360;
  16. Peter Leeds: $3,200;
  17. Franklin Sanders: $3,130;
  18. John Henderson: $3,000+ (by 2015 – 17);
  19. Michael Berry: $3,000+ (by 2015);
  20. Hans Goetti: $3,000;
  21. Michael Yorba: $3,000;
  22. David Urban; $3,000;
  23. Mitchell Langbert: $3,000;
  24. Brett Arends: $3,000;
  25. Ambrose Evans-Pritchard: $3,000;
  26. John Williams: $3,000;
  27. Byron King: $3,000;
  28. Chris Weber: $3,000 (by 2020);
  29. Mark O’Byrne: $3,000;
  30. Kevin Kerr: $3,000;
  31. Frank Holmes: $3,000;
  32. Shamik Bhose: $3,000 (by 2014);
  33. Ani Markova: $3,000 (by 2013/14);
  34. John Embry: $3,000;
  35. Michael Lombardi: $3,000;
  36. Eric Bolling: $3,000;
  37. Phillip Richards: $3,000;
  38. John Ing: $3,000;
  39. Chris Laird: $3,000;
  40. Michael Brush: $3,000
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Cumulative subtotal: 140

8 Analysts Believed Price of Gold Would Go Up to Between $2,500 & $3,000

  1. Kurtis Hemmerling: $2,500 – $3,000;
  2. Ian McAvity: $2,500 – $3,000;
  3. Mary Anne and Pamela Aden: $2,000 – $3,000;
  4. Graham French: $2,000 – $3,000;
  5. Bank of America Merrill Lynch: $2,000 – $3,000;
  6. Joe Foster: $2,000 – $3,000 (by 2019);
  7. David Morgan: $2,900;
  8. Sascha Opel: $2,500+;

Grand Total: 148

Conclusion

There you have it. 148 supposed gold analysts were absolutely dead wrong in their prognostications of where the price of gold was headed. Keep that in mind the next time you read any commentary by them.

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