Hello. I would be grateful for any advice from forum memebers on where they think the gold price will go over the coming year. Are we about to see new levels met on this commodity? Or, is it going to head for a correction back to where, until recently, would have been considered a more normal price?

Any and all advice gratefully accepted.

Steve

It seems the consensus view (FWIW) is about a bottom of perhaps $800 for the year, and a top of around $1200. Expect there's be slightly better performance in sterling terms, as the currency has its turn at turd-of-the-year. But TBH, if you want to sleep better at night, don't think about the gold PRICE. Because all you are thinking of really is the PRICE OF MONEY. And the PRICE OF MONEY depends on what central banks do and don't do, and you get into the whole inflation/deflation debate which is largely irrelevant to us goldbugs in the end..

Instead, rest assured that in almost any conceivable circumstances, gold (and PMs, energy and commodities) will continue to appreciate against houses, and against the major stock indexes for a good few years yet. Because whatever they could possibly do to knock the price of gold is going to DEVASTATE most every other asset class going.. This is most definitely the age to be in hard assets (and no, house prices follow the 'paper asset' cycle) and gold is the ultimate hard asset..