But we've heard at least four big names talk about gold heading to $3,000.
Gluskin Sheff's David Rosenberg told the Financial Times that gold "will go to $3,000 per ounce before this cycle is over."
Sean Boyle, CEO of mining giant Agnico Eagle expects gold to pass $3,000 within 24 months.
World Gold Council CEO Aram Shishmanian reportedly argued that gold would have to head to $3,000 in order for gold producers to stay in business.
U.S. Global Investors' Frank Holmes recently gave a presentation titled Goldwatcher – $2,400/oz? $5,479/oz? $46,000/oz?. Holmes is a gold bull.
Although they didn't break that $3,000 barrier, there have been other bullish calls on gold.
Morgan Stanley's favorite commodity right now is gold. Their commodities team sees it going to $2,175 by 2013.
Some Wisdom From Warren Buffett
You can knock almost any investment and people won't be as irate as when you knock gold, he argued. This speaks to gold investors' motivations. "They want people to be as afraid as they are."
SEE ALSO: THE TRUTH ABOUT GOLD >
More From Business Insider
- EXCLUSIVE: Here's The Inside Story Of What Happened On The Facebook IPO
- EXCLUSIVE Q&A: Hedge Funder Who Bet $100 Million On The Facebook IPO Just Called And Boy Was He Furious
- BOMBSHELL: Facebook Bankers Secretly Cut Forecasts For Company In Middle Of IPO Roadshow