Gold Will Double In 5 Years, Says Frank Holmes

Gold is not the issue. Gold's been used as money since the beginning.

The real bubble here lies in the U.S. treasuries; the biggest, fattest bubble there ever was. Nothing compares to it. When the treasury market fails and fail it shall, only gold and oil will be on the minds of the world's food producers.

Has socialism, printing fake money, and war ever been sustainable? No. Gold holds value and is portable. Few things in the world can hold value for fifty or one hundred years. Gold is unique. This experiment with social reengineering to mix the races funded with fake money will end badly. People are so misinformed. There are three days food supply in cities. People in cities have lost touch with reality. Maybe a social crisis will help solve the problem with a dose or reality. I think the whole thing should collapse and go back to true capitalism. Socialism and Communism does not work.

Proper headline: DOLLAR TO LOSE ANOTHER 50% OF ITS VALUE!!! BEN SEZ EVERYTHING IS OKEEDOKEE!!!!!

So, doubling in 5 years...accounting for compounding return and inflation...I guess that is around real growth of around 14% per annum...

He's completely wrong. Gold won't double in 5 years; or in 10 years. The value of gold will fluctuate, but stay roughly the same for the foreseeable future.

What will happen in the next 5 years is that the US dollar will halve in value, more or less. Today, a dollar is worth a tad over 0.02 grams of gold. Five years from now, a US dollar will probably buy around 0.01 grams of gold.

But get this straight: it's not the value of gold that's changing. It's the value of the US dollar.

Between 1988 and 2000 I bought an ounce of gold every payday. Y2K was a bust, but now I've got a pretty nice inflation hedge.

To all of you "dollar-bugs" out there:

-which would you feel more comfortable leaving to your grandchildren? $1,000 in USD, or $1,000 in gold?

Gold trades inverse to the faith that man has in fiat currency and that faith will continue eroding for decades. But the real gains will be made in dual-use metals.

The guy doesn't understand Gold. It is money and a substitute for debased currencies. It is your liquidity.

Like housing value is all about perception. The music is playing and everyone is circling the chairs. Just a matter of who will get stuck with the bag when the music stops. Veteran players - like GS and JP - will cash out first. Seems like there is a never ending supply of willing novice small fry that always come to slaughter.

Yes, it could double in 5 years and it could also half in five years. The truth is that no one really has any idea and that this is just one guys opinion. Keep in mind for every 5 opinions 3 will be wrong and the other 2 just plain lucky. There is no safe investment only risk.

Gold is not in a bubble...your argument would mean U.S. $5.00 bill is in a bubble and would crash .... any minute. Gold is money, I use it in Asia, Middle East, and even in America.
Money can never be in a bubble.

My money is on Silver...

We're in the biggest bubble/ponzi scheme of all time. It's called the United States government. This bubble/ponzi scheme is so large that it dwarfs our ability to see or comprehend it.

Just saw a guy buying gold and silver at a desk adjacent to the customer service counter in the grocery store this afternoon. I'm thinking it's about time to sell.

DJ

Gold's valuation basis is psychological in nature and has little practical value (only 10% of gold's demand is for industrial use). Central banks can control inflation by increasing interest rates and bank reserve ratios. I prefer commodities with more practical uses such as copper, coal and oil.

As Thinker pointed out, not only does industrial demand make up just 10% of the market, but the fact is that almost all the gold every mined since the beginning of time still exists as usable gold. It is either sitting around in art or jewelery or has been recovered from industrial uses. From a market standpoint, the only driver is one's intent to hoard the stuff. There is plenty to go around and it never really gets 'consumed'.

Nonsense. Until you can eat it or put it in your gas tank, a precious metal like gold will only be worth what people want to spend on it. It will never be a normal currency in the U.S. so its only true value is based on irrational covetous greed or base-level animal appreciation for shiny things, not unlike magpies and monkeys. The best investment will be to manufacturing gold-plated foil-wrapped food coins with a long-shelf-life so when the time is right for gold holders to liquidate and the value plummets below $100, you can at least have something to eat while living on the street. It will happen.

you can't eat gold but you sure can eat the wonderful things that gold will buy when paper currencies are no longer accepted. gold can buy safe passage, food, water etc. it has always been so throughout the centuries.

Just another boom, bust waiting to happen. Wall Street cannot produce anything of value, so they create bubbles and ride the bubbles up and short it for the certain and eventual crash.

Good day to all my friends and the rest of the gang right here on the Ticker. Gold is not considered a reasonable means to buy items such as toilet paper, bread and butter, all of which will triple in the next five years. Get it? Invest wisely, Frank out!