Over the last 13 years gold has taken us on an amazing ride, and the yellow metal’s rapid acceleration caused many of us to think, “yes, trees can grow to the sky”. This was the going sentiment for most of the 13 years following the turn of the century.
In 2011, however, we saw a slight correction that at the time could have been viewed as a temporary one, which it at first appeared to be. From September 2011 through March 2013 the gold spot price danced within $300 of the all-time high, before falling severely in mid-April of last year. 2013 ended up being gold’s worst year since 1981.
What do the experts say?
Here is a list of forecasts from various entities and individuals who have vocalized their projections for where they see the gold spot price heading in 2015. The following gold price projections are forecasts and should not be construed as analytic facts.
RBC Captial Markets————————————————-$1,400
B of A/Merrill Lynch————————————————-$1,356
Larry Edelson, Real Wealth Report——————————$2,300
John Henderson, Seeking Alpha———————————$3,000
Carsten Fritsch, Commerzbank analyst————————-$1,300
Bob Lenzer, Forbes columnist————————————$5,000
Martin Murenbeeld, Dundee Capital Markets——————$1,550
James Turk, GoldMoney——————————————$8,000
Suki Cooper, Barclays analyst————————————$1,205
Dennis Van Ek, Mercer analyst———————————-$9,000
David Wilson, Citi analyst—————————————–$1,250
Dr. Peter Achutha, economist————————————$2,250