75 Experts See $2,200 Average Gold Price Ahead
Do you trust YOUR financial expert's advice? Has he or she grown your hard-earned money over the last year, five years, decade? If so, congratulations! If not, perhaps you should be listening to different experts.
So far the commodity super-cycle has swept gold prices up threefold since 2001. Impressive. But that's just the kickoff phase according to scores of experts surveyed by Swiss America since 2006.
These experts say gold is finally going mainstream as the best alternative to a declining dollar. How high will gold rush? We should expect at least $2,200 an ounce gold, signaling the world's fading confidence in paper currencies and U.S. government debt.
In April 2006 Swiss America CEO CRAIG R. SMITH said "Gold is clearly headed above $1,000/oz. and is still a great bargain today," to CNBC Squawk Box. Since then scores of analysts and experts have chimed in with dozens of smart reasons to include gold coins in a balanced portfolio.
Respected experts explain further ...
* "Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of 2009," -JOHN HILL and GRAHAM WARK, Analysts at Citibank.
* "The world's authorities are taking steps never tried before. This gamble was likely to end in one of two extreme ways: with either a resurgence of inflation; or a downward spiral into depression, civil disorder, and possibly wars. Both outcomes will cause a rush for gold," -AMBROSE EVANS-PRITCHARD, International Business Editor, London Telegraph.
* "Gold just seems to make sense; it's a store of value. The price could double or even rise fivefold if the economy continues to weaken" -EDWARD ZORE, CEO, Northwestern Mutual Life Insurance, Bloomberg.com, 6-2-09
* "With gold near $1,000 an ounce it has become the world's defacto currency. Gold has reached new highs in every major currency in the world except for the dollar and we believe it will soon achieve new highs, in dollars this time to $2,000 per ounce," -JOHN ING, CEO, Maison Placements, SafeHaven.com, 5-5-09
* "With confidence in currencies shaken to the core, the yellow metal is increasingly assuming the role of 'the most trusted currency' -GARY DUGAN, CIO, Merrill Lynch, Business24-7.com, 2-3-09 
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