Gold At $10,000 An Ounce - Is It Possible?
It was a short decade ago that gold traded at $315 an ounce, and those who predicted it to increase to an unreachable $1,000 an ounce were considered kooks.
Warren Buffet is one of the more vocal anti-gold investors, claiming it produces no income and that it doesn't belong in one's investment portfolio. But it was also Buffet who said in 2011 that "if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not."
Today, the value of the dollar is indeed on the brink of collapse. The U.S. Debt is quickly reaching beyond $16 trillion, and dollars are being printed infinitely out of thin air.
With the value of the dollar continuing to fall, inflation is all but a foregone conclusion of experts who now wait for the price of gold to climb. Barron's, the Wall Street Journal, Business Insider and a host of other prominent publications, are all making the case for gold to reach $5,000 to $10,000 an ounce.
Gold has already climbed to nearly $2,000 an ounce in ten quick years. Will the trend in rising gold continue?"It's not a question of how high gold prices can go," says Scott Carter, CEO of Lear Capital, "it's how far can the value of paper currencies fall?" He goes on to say, "There's a reason why central banks of the world, the same banks that are flooding the world economy with printed money, are buying gold." Some take that as a clear signal that the gold price can rise much further. Carter went on to remind us, "You can't print more gold."
"We face very serious financial problems ahead," explains Scott. "The situation is out of control and I see no way to pay off the government debt, and Congress has shown itself incapable of applying the brakes to soaring deficits. Elsewhere, the Federal Reserve has already indicated that it plans to abandon the dollar in favor of printing new money to support the economy and the banks. The combination of both doesn't bode well for the survival of the dollar."
Ten years ago, no one thought gold would reach $1,000 an ounce. Now the kooks are making a case for $10,000 gold. But, as Scott Carter concluded, "If gold simply repeated its performance of the past 10 years, and rose an average of 18% a year, I think most investors would be thrilled at those prospects." How about you?
For more information, visit Lear Capital.
Warren Buffet is one of the more vocal anti-gold investors, claiming it produces no income and that it doesn't belong in one's investment portfolio. But it was also Buffet who said in 2011 that "if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not."
Today, the value of the dollar is indeed on the brink of collapse. The U.S. Debt is quickly reaching beyond $16 trillion, and dollars are being printed infinitely out of thin air.
With the value of the dollar continuing to fall, inflation is all but a foregone conclusion of experts who now wait for the price of gold to climb. Barron's, the Wall Street Journal, Business Insider and a host of other prominent publications, are all making the case for gold to reach $5,000 to $10,000 an ounce.
Gold has already climbed to nearly $2,000 an ounce in ten quick years. Will the trend in rising gold continue?"It's not a question of how high gold prices can go," says Scott Carter, CEO of Lear Capital, "it's how far can the value of paper currencies fall?" He goes on to say, "There's a reason why central banks of the world, the same banks that are flooding the world economy with printed money, are buying gold." Some take that as a clear signal that the gold price can rise much further. Carter went on to remind us, "You can't print more gold."
"We face very serious financial problems ahead," explains Scott. "The situation is out of control and I see no way to pay off the government debt, and Congress has shown itself incapable of applying the brakes to soaring deficits. Elsewhere, the Federal Reserve has already indicated that it plans to abandon the dollar in favor of printing new money to support the economy and the banks. The combination of both doesn't bode well for the survival of the dollar."
Ten years ago, no one thought gold would reach $1,000 an ounce. Now the kooks are making a case for $10,000 gold. But, as Scott Carter concluded, "If gold simply repeated its performance of the past 10 years, and rose an average of 18% a year, I think most investors would be thrilled at those prospects." How about you?
For more information, visit Lear Capital.