Avi Gilburt doubles down: Gold is going to $25,000

MarketWatch ^ | June 12, 2015 | Avi Gilburt

[ForYourChildren]

Last week I wrote a column on MarketWatch that seems to have stirred quite a bit of debate. Within the column, I was pointing to the potential for a multi-decade rally to be seen in the metals and mining stocks. It seems many of you had very strong feelings that this was simply not possible. Over the next few weeks, I will attempt to address the concerns many of you have presented in your comments to my piece.

[ForYourChildren]

The title was so strong, that I thought I would post the article to get comments here.

[AppyPappy]

Uh yeah. Sure it is

[BenLurkin]

Just judging by the title the author seems to think that the dollar is going to lose 95% of its value.

[Drango]

Just buy it then.

[dila813]

Actually...

Has anyone seen inflation is kicking in ... interest rates are jumping

[hosepipe]

Just judging by the title the author seems to think that the dollar is going to lose 95% of its value

---

Not AGAIN...

[wita]

Just judging by the title the author seems to think that the dollar is going to lose 95% of its value.

...and I would ask how is that possible considering it has already lost 97% of its value since 1913. One of the worst years in American history, the Fed the IRS, and the seventeenth amendment all in the same year.

[BenLurkin]

Well...if it’s going to take 100 years for gold to reach $25,000 then maybe I won’t feel bad about not being able to buy any.

[exit82]

This will then lead us to the parabolic phase of the long-term rally with a first move to the 2000 region in the HUI, which can be completed in approximately 20 years. Therefore, I expect a fourfold to fivefold increase in the HUI within the next five to seven years, with a fifteenfold to twentyfold increase in the HUI within the next 20 years. Ultimately, the 15,000 target in the HUI, and $25,000 target in gold GCQ5, +0.03% is a 50-year expectation, not a 10-year expectation.

$25,000 is a 50-year target.

[bigbob]

Crap.

[amnestynone]

At the level it is now leave it to the pros.

[montag813]

What an idiot - or brilliant marketing wizard. Gold won’t even get to $5k, but at least everyone knows his name now.

[ExSoldier]

I wonder what he says about silver....

[ForYourChildren]

Does anyone know who this group is? There isn’t an about on their webpage, but it some well known names.

They also are predicting gold at $20,000
http://kingworldnews.com/the-vicious-war-between-gold-and-the-federal-reserve-and-is-the-price-of-gold-really-headed-to-20000/

KWN - King World News
http://kingworldnews.com/

They have:

Stephen Leeb, Andrew Maguire, Michael Pento, Dr. Paul Craig Roberts, Gerald Celente, Eric Sprott, Robert Arnott, David Stockman, Chris Powell, Rick Rule, Bill Fleckenstein, John Mauldin, Egon von Greyerz, James Turk, Dr. Philippa Malmgren, Marc Faber, Felix Zulauf, John Embry and Rick Santelli

[AlmaKing]

This time, it won’t take 100 years to lose 95% of its value.

[batterycommander]

Is this some Turd Ferguson metals report? It ain’t that gold is becoming more valuable. It’s that the Dollar is taking a huge dump.

[Hugin]

By 2050? By my off the cuff gorilla math that’s about a 16% APR. Possible but hardly earth shattering.

[batterycommander]

You’ll need a wheelbarrow to carry around your money.

[Eric in the Ozarks]

What’s the world annual gold consumption vs. production ?

[Stentor]

Just judging by the title the author seems to think that the dollar is going to lose 95% of its value.

So that's 95% of the 3% left since 1913?