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Victor's Mix-Song
Predictions Roundtable Gold
What others think
Below is a summary of recent projections of some of the major names in the online financial community met by Bespoke Investment Group, together with his views on gold and if it is a bubble:
A board of Insight: I know of no way to get a fair value for gold. This year's price of gold has benefited from the weak dollar, deflation fears trade, and the fear of hyperinflation. It seems that these three are at the extremes, but there is a lucrative market in selling fear. The commissions and margins are much better than for those of us who provide investment advice on a range of asset classes for a flat fee.
Financial Armageddon: Being very bubbly and vulnerable to a shock, but my longer term view is still bullish.
Paul Kedrosky: Fairly valued, with the downside risk if the expansion economy continues.
Investment Postcards: In times of uncertainty with respect to major currencies and movements in the cross rates, gold remains the final coin to celebrate. From another perspective, the use of gold in jewelry manufacturing and private accumulation of gold by the newly founded wealth in economies developing nations like China and India are emphasizing the physical marketplace.
Random Roger: As the last years, we own the gold in the belief that no matter the price, if something bad would happen today morning. What I would add that if gold is the best you have then is likely to make stocks are not doing very well. We own gold, but never the root of it.
Reforma Corridor: I hate gold. And I have long been the gold ETF, miners, precious metals, etc for 2 years. My attitude is that I will stay a long time and mount these things with trailing stops. It will rise until people bored with it. The sell-off, when it comes, is shocking in its violence and brutality - but that may come from much higher levels.
Vix and More: Investment demand for gold should continue in 2011 and until he is pulled back, the gold is not experiencing a bubble. The metal is highly valued at the time and see a volatile session in 2011, ultimately ending the year above.
Wall St. Cheat Sheet: If you check inflation, gold will take off. The People thought that the "Cash4Gold" commercials were a sign of the top, but could not realize this was a sign of people selling gold not buying into a frenzy. Our gold and silver Premium subscribers have made a killing despite all the talk of the bubble in the media.
Crossing Wall Street: The gold is very valuable now. While rates remain low, gold will do well. However, once the Fed starts to end the holiday without money, gold is attacked. High rates are real and Krypton for gold (I think I'm mixing my metaphors).
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