Gold prices to hit $2000 in 2012-2014

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Uploaded by on Oct 14, 2009

Aaron Smith, managing director at Superfund Financial, talks with Bloomberg's Susan Li about his outlook on gold price trends and silver as an investment.

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  • It's funny watching this now because it's actually happening!!

  • youtube.com/watch?v=2T4vJ7TjC7­Y

  • Question I have is what happens if you have all this gold then gold is made into the gold standard which it will be made into. You'll be left with gold which would be pegged to a fraction of what you paid. You won't even be able to sell it either because its so cheap or considered illegal to sell.

  • @TWSceptic If it goes that high then it's a bubble for sure. But nobody said you couldn't make money from it. I just don't do risky trades like that.

  • Not only Gold is real currency, Silver is also real currency.

  • @G0ttaBeFresh It's not at bubble level yet... ATM it's just the value of the dollar pushing it up, and the end of the tunnel is not in sight yet. I'm still buying, it may go up to $5K mark my words.

  • @telekonable You're probably right, but it takes up a lot of room, gold you can just put in a small safe.

  • Forget gold , the best investment right now is silver.

  • @Bravesfan4500 Well it's hard to say but right now it's around 1,600 down from 1,900 over 2 months. So that's a huge correction in a short period of time indicating that the price was artificial at 1,900. I think the real value of gold right now is around 1,350 on the safe side so it could easily drop to those prices. I would stay away from gold. Ammunition is the best money protection investment you can make. They are inflation proof, don't spoil, and if civilization melts down you are set.

  • @G0ttaBeFresh how much do you think gold will be once this bubble bursts?

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