Video
Money Manager Arnie Waters Sees Gold at US$2000 Within 6-8 Weeks
Many people post to YouTube without building much of a viewership and Arnie Waters is apparently one of them. His "Morning Call" video postings are not universally well-attended. In fact, many videos of cats seem to get better viewership than Mr. Waters.
Nonetheless, he is a money manager and chairman of A.L. Waters Capital – a money-management firm that specializes in precious metals – and his bold prediction about gold caught our eye. You can see it below by clicking the video link.
Now, we don't know much about Mr. Waters and it is perfectly possible that in this regulatory environment he has ticked a red line or two (as many have). But the points he makes are both lucid and measured, and it's not like he hasn't made them before. He was quoted in Forbes back in October as predicting that gold could go to $2,500 by Spring 2012.
In the Forbes article he made some points that he again makes in this video. The structural economic problems in the US and Europe, he points out, won't be fixed quickly, and with the Chinese economy showing signs of strain, "gold becomes a proven investment choice."
And, he added, "We have an economic system that is crippled and it won't be fixed overnight. Even if we had our political system united and had good will, it will still take time." Perhaps gold may run in the meantime ...
Ed. Note: Please note we are not endorsing Mr. Waters view, only presenting it.
(Video from 9tubaman's YouTube user channel.)
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Posted by bewer on 11/17/11 12:27 PM
Gold and Silver as money has been around much longer than paper as money. If Gold was as common as iron it would not be money. Most of the world is bankrupt and must print money to get out of it.
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Posted by Danny B on 11/16/11 11:26 AM
It appears that the ECB will print FIAT paper sooner or later,,, no matter what the Germans want.
Click to view link
In Italy's case, FIAT means "fix it again Tony".
The investors are shunning Italy;
Click to view link
I suspect that the ECB can not move fast enough to pull all the various countries out of insolvency. France is on the brink. Portugal is a basket case.
Investors know this. QE is BS and good for Au. China and India go on buying frenzies every time that Goldman drives down the price of gold. The PTB drive down the price of gold to make Paper look good. They aren't fooling the Asians. The Asians buy up everything and move us that much closer to a big shortage of physical metal.
Russia is a big producer but, still plans to buy 100 tons this year.
Click to view link
China is a huge producer and they push their people to buy all they can get.
GATA believes that Central Banks have released 11,000 tons of their gold to try to suppress the price. The rumors from the people who live and work in Fort Knox, Kentucky indicate that the bullion rooms there are empty.
Click to view link
All of this motivates gold buyers
Reply from The Daily Bell
Wow. Thanks for the links ....
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Posted by onebornfree on 11/16/11 11:06 AM
Unfortunately, the truth is that gold _may_ go that high in that time frame, or it might not, there is simply no way for anyone, including Mr Waters, to know for sure.
Although gold is in historically uncharted waters, it seems reasonable to assume that $2,000 per Oz. is a significant support/resistance level .
Meaning that if and when it breaks that barrier , then it might hold and confirm that new valuation over time, or it might quickly fall back below $2000 for a year or so, or it might even quickly move up to the next logical support/resistance level of $2500 per oz.
Again, there is simply no way to know for sure- outside of pure luck/coincidence, the economic financial future cannot be reliably/accurately predicted by anyone with any worthwhile consistency.
However if an individual places his/her bets on a higher price for gold using money they can afford to lose,
Click to view link
then they will at least have protected themselves from losing their shirts[ i.e money they cannot afford to lose- a fixed percentage of which is already pre-allocated to gold bullion, regardless of its current price], should their bets on the seeming "inevitability" of a higher gold price not pan out as hoped for. Regards, onebornfree
