However, since Mr. Dent has not given up hope that his deep insight is correct, he predicts the same price of gold for 2015. Gold will plummet to $ 700/oz. Almost half way into this year the price of gold is $ 1189/oz. (December 30 - 2015, $ 1062/oz) (December 30 - 2016 - $ 1151/oz).
Do not believe
However, economic prophets are no different from other kind of prophets. They sincerely believe in their messages. It is very difficult, if not impossible, to predict the price of gold. But taking USA's enormous debt and money printing madness into consideration, I predict that the price of gold will keep on rising. The supply is limited and the demand for the useless metal seems to be infinite.
However, economic prophets are no different from other kind of prophets. They sincerely believe in their messages. It is very difficult, if not impossible, to predict the price of gold. But taking USA's enormous debt and money printing madness into consideration, I predict that the price of gold will keep on rising. The supply is limited and the demand for the useless metal seems to be infinite.
Always expect the unexpected
Is it then impossible to predict the price of precious metals? Yes and no! It is possible to predict within certain given variables at a given time. But... if something unexpected happens to the economic systems of the world... Then the price of gold might change in matter of hours.
Is it then impossible to predict the price of precious metals? Yes and no! It is possible to predict within certain given variables at a given time. But... if something unexpected happens to the economic systems of the world... Then the price of gold might change in matter of hours.
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