BUY Signals - Gold Could be $5000 to $10000 Or $250? Or $13,756?

Eric Sprott Blog: Gold Could be $5000 to $10000:

I'm only looking at 1 year in this conversation, but 4 years from now you could be somewhere in the $5,000 to $10,000 range with the ...

When you are dealing with any speculative asset you are dealing with unknown random events that could move its price. They could be big moves too. In light of this, gold has as much a chance of going up, as it does down. So under this reasoning gold could go to any number - the key word is could. 

Putting mathematical and linguistic concerns aside, the investing (upside betting) environment for gold is now looking better, given the large collapse in price over the past 12 months, but mostly because global geopolitical, disaster and climate events are accelerating; creating the potential for a "Black Swan Event" that would be very good for gold prices in the near term.

In the long run, we still do not ascribe much intellectual or "real physical economic" value to this metal. It is a value that primarily depends and appeals to people's inner brains' sensory and emotional cognitions based on the allure it earned in ancient times. However, our rational frontal cortex is  not so allured or intrigued by its largely superficial attributes.

INVESTORS' INSIGHTS 
First Financial Insights 
September 4, 2013 

Of Two Minds...

The Eric Sprott Blog: HA! HA! -There is a Serious Shortage of Gold

The Eric Sprott Blog: HA! HA! - There is a Serious Shortage of Gold - (Read More)

 "I think it’s just been one big scheme to try to get people dissuaded from owning gold and to cause supply to come out. As you mentione...

So do want to buy our new book - with over 1 million pre-sold copies? The title is "The Secret to How to Make a Lot of Money Real Quick"; - write a book like this.

Sarcasm notwithstanding, Eric is basically a promoter and should disclose his personal, corporate and managed positions, so it is clear where he is coming from and fair to everyone who listens to his pitch. As well, to make this relevant for serious investors - sources, numbers and opposing views should be brought forward for objective analysis. We strongly believe, moreover, that if this was such a great investment, folks like Buffet, Bogle, Gates, Goldman and many others, would all be quietly chasing this huge home run. There is little evidence suggesting they are swinging at the plate.

In the meantime, we will continue to support the belief that gold is a psychotic placebo, that has lost substantial real purchasing power over the past 33 years, as well as being the one of the worst asset classes over that time. Making it just a speculative relic used by barbarian traders that holds none of the attributes true investors desire - like expected or defined returns.

Bottom line, we are not putting much faith in the rhetoric of gold promoters like Faber, Sprott and Rogers. For as Charlie Monger would say, "if its too good to be true, it usually is "

INVESTORS' INSIGHTS 

First Financial Insights

July 31, 2013

Our Message..

These wise guys are not "Gold bugs" for a reason -