Gold Predictions for 2012 - Would You Trust Someone Who Never Made a Mistake?

Gold Predictions from HSBC

HSBC actually lowered their initial forecasts for 2012 and 2013 from $2,025 and $1,850 an ounce to $1,850 and 1,800 an ounce. They also made a forecast of of $1,750 in 2014.In their long term prediction (2015-19) the gold price would steeply go less to $1,500 an ounce.

Gold Predictions from PNG

The Professional Numismatists Guild (PNG) a half century old, NGO(founded in 1955) which is composed of the nation's top rare bullion coin dealers conducted a poll among its 30 members and the following result came up.

Estimated Prices at the end of first quarter 2012:
Lowest estimated prediction: $1,475
Highest estimated prediction: $2,155
Mean average (30 respondents): $1,759.57
Estimated Gold Prices at the end of fourth quarter 2012:
Lowest estimated prediction: $1,450
Highest estimated prediction: $2,575
Mean average (28 respondents): $1,976.22

Gold Predictions From Wall Street Firms

Several Wall Street firms also published their gold forecast for 2012. The Goldman Sachs predicted that prices will peak at $1,900 per ounce and they estimate that the price of gold will peak at $1,810 per ounce in 2012.They had made this prediction based on factors like Buying of gold as a security by central banks and a strong physical demand from investors, the European sovereign debt and the negative real interest rate environment in the U.S

"We believe that prices will recover in 20Article Source: http://EzineArticles.com/6813952