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Keith Barron, one of the luminaries of the gold world, has just explained his reasoning for seeing gold coin prices between $3,500 and $5,000 in the near future.

January 17, 2012 – Keith Barron, one of the luminaries of the gold world, has just explained his reasoning for seeing gold coin prices between $3,500 and $5,000 in the near future. Dr. Barron is the Director and Founder at U308 Corp and has over 27 years of experience in the mining sector. He has his finger on the pulse of precious metal production in North America and in other major gold-producing regions of the world. “Look, we haven’t even got to first base yet,” Barron recently said in an interview. “Gold is going to between $3,500 to $5,000.”

Barron was particularly vocal in response to the many pundits and analysts who have mistakenly declared gold to be in a bubble, which is well-earned considering how many people erroneously advised that the gold market had peaked, entered bear territory, and the bubble had burst last month during the December correction. With the correction clearly over, marked by the breach of the 200 day moving average last week, and the price of gold up 5 percent this year so far, those pundits were clearly wrong and didn’t deserve the air time they were given. As for the gold bubble, Barron said, “It’s not in a bubble because the average Joe is not buying.” Barron is right on that one. Physical ownership in America accounts for less than 3 percent of the population.

Barron is particularly bullish on gold right now because of the global political and economic situation. He sees gold going to $2,000 to $2,500 later this year alone, which would be a sweet yield on any investment, and, “the catalysts are going to be international events and fear of inflation.” Those are some of the primary drivers for the price of gold and the value in gold coins in the recent years, but this will be true even more so in the New Year as the global situation, long on the back burner, is now coming to a boil.

“The whole (financial and economic) situation is looking really sick. The only way to bail these various countries out of the messes they are in is to print more money,” Barron said, reinforcing the regime of inflation that has so far kept the too bigs from failing and kept all of us tied to a global Ponzi scheme that has been running full speed ahead after hitting an iceberg. Considering that each ounce of gold purchased is an ounce of freedom from slavery, madness, and extraordinary austerity, as seen by a 27 year veteran of the mining industry, gold coin prices are the most affordable investment one could make and should make now.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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