Matterhorn Asset Management Sets Three Gold Price Targets: $6,000 – $7,000 – $10,000

Tyler Durden's picture

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JJ McApe's picture

Is this the Golden Bullet?

Hard1's picture

Isn't bonds/stocks/currencies are overvalued and gold is cheap a little biased comment coming from an Asset Management firm that only offers gold.

akak's picture

The presence of a bias does not necessarily imply the absence of truth.  Are not those with the best or most accurate knowledge going to be biased towards their own conclusions?

dnarby's picture

Ha ha ha, this report is funny!

For starters, the average historical percentage of global assets held in gold and gold mining stocks during times of finanical crisis is 26%, not 25%...  Get your facts straight!

And currently, the percentage held in gold and gold mining stocks is 0.8%.

That means we need a 32.5x increase in gold in gold stocks to meet historical averages.

That puts the price of gold at ~$40,625.00/oz.

$10,000.00/oz, ha ha ha ha ha!

snowball777's picture

We will all be ruled by gangster rappers by virtue of the value of their chains.

idea_hamster's picture

There would be a wonderful poetic justice to that.

snowball777's picture

Let's go full circle and have all the descendants of the former plantation masters build hybrid Escalades and bazooka subwoofers as reparations.

Would also be ironic if the mortgage problem was resolved via 1-800-GOT-GOLD scheisters sublimating gold into relieved debt.

I too, have a dream.

contrabandista13's picture

"... I'm just out there donald trumping gettin paid for buildin somethin...."

MrTrader's picture

Thank you for the strong sell signal.

Tyler Durden's picture

Further confirmed by the $10 spike

LoneStarHog's picture

Sooooo...now that you have sold...at what price do you think you will buy...$1300...$1400...???

LoneStarHog's picture

Was Karl Denninger a consultant for this paper?

Imminent Crucible's picture

Karl Denninger is not bullish on gold and has stated flatly that gold will not protect you in the unfolding debt collapse.

I think he's wrong about that, but let's not misrepresent his position.

chrisina's picture

I don't buy Gold because of a price target. I buy physical Gold because it doesn't have any liabilities from the credit system attached to it. It's the only way to store wealth if the credit system collapses. Likelihood of which is increasing day by day.

Sudden Debt's picture

and because gold feels as soft as a babyskin :)

It's just fucking cool to have. I just like to look at it when I'm borred :)

GOLDFEVER BABY!!! AND I'VE GOT IT!!!

billhilly's picture

Yah Man!  and the fondle factor of a 100 0z bar of Silver sure gives a warm cozy feel!

Brutlstrudl's picture

Around my  way, people have stuff growing in their closet that they look at when  bored/

papaswamp's picture

Gold and Silver just went verticle!

Sudden Debt's picture

you should apply for a job at CNBC :)

papaswamp's picture

Hey I was reporting the facts..CNBC would probably either ignore the price spike that just happened or say"...gold and silver are reacting positively to Prez Obama's new stimulus plans..."

e1618978's picture

I think he was referring to the fact that you misspelled vertical.

antidisestablishmentarianismishness's picture

Apple Computer has outperformed gold by about 6 to 1 over the past 10 years.  Does that mean Apple is going to $3000 or gold is going to $200 or what?

Quintus's picture

Interestingly, despite the huge ramp in price that you identify, I do not recall reading hundreds of 'Analysts' raving on about how AAPL was in a bubble, and nobody should invest in it 'cos it's gone up so far already new buyers have missed the boat etc. etc. etc.

Funny that.

Imminent Crucible's picture

Probably it's AAPL's 0.19% dividend yield.  You can't pass that up.

hidingfromhelis's picture

But, but...you can eat apples.  Oh wait, you meant Apple Inc, the computer company.  My bad.

Sean7k's picture

The elites and central banks will never allow the common man to prosper through the purchase of gold. Gold purchasing will be restricted to the few with insight to buy while allowed to and those that have always owned it. 

Gold isn't tulips. It's finite and mostly in the hands of the wealthy. The same ones that make the rules. If we buy too much, they will confiscate it. If we use it, they will jail us. 

When they have drained our wealth through purchases, they will impound it. 

Consequently, buy gold, but be prepared to defend it with all your wiles. Be prepared to save it and ride out the inevitable storm, so you can use it on the other side. The wealthy do not suffer competition and they don't let just anyone into their club. 

LoneStarHog's picture

This is a true strategic and logistical nightmare for the corrupt powers, unlike Waco, Ruby Ridge, et al.

Without the benefit of actual statistics, I will infer from what information is available that most gold owners are also well-armed.

Waco, Ruby Ridge, et al. all involved a select individual or small group in a confined area. Easy pickings for government thugs.

What do they think would be the logistics to confront literally millions in individual locations?

I truly believe that part of the master plan by these corrupt sociopaths is to perpetuate the paper scam of U.S. economics/finance until it just crashes. It will then be too late for the general population to secure a lifeboat of gold/silver. THEY will already be secured, which I wrote about in 2004, which simply stated that the paper game at the bullion banks was to allow the Jamie Dimons of the world to put their personal assets into depressed metals, while using bank funds to do the manipulating.

The actual number of gold/silver owners will be so minuscule - most will own small amounts by comparison - that it will not be worth harassing them. Allowing these few to become the new Middle Class will be the best solution.

However, I am not naive enough to believe that these corrupt sociopaths work on mental logic, so preparations must be made.

Sean7k's picture

Which is why they won't attempt it. They can control the use of it in hard times. When people become desperate enough to use it. 

While I agree with you, I just think the elite are so greedy, they will not stop at being reasonable. Their thirst for control is absolute. 

Hope for the best, plan for the worst...

LoneStarHog's picture

"They can control the use of it in hard times." -- You mean like Prohibition controlled alcohol?

How in all that is holy does anyone think that THEY can control the use of it, especially in desperate times?

Almost Solvent's picture

"They" can't.

Confiscation would not be logistically possible, "they" know it.

Most likely it will start with heavy taxation on the sale/purchase of gold.

Maybe migrate to a "fixed" price.

Ending in the exposed naked emperor.

OR, "they" want gold to skyrocket as "they" have secretly amassed huge physical reserves and stand to profit immensely when the fiat falls and it turns out "they" had the physical gold all along.

tmosley's picture

Heavy taxation will create or expand the black market.  Creating a fixed price will create a gold standard/expand or create a black market.

There aren't a lot of valid options for those in charge of our economy.  This is always the case when a small group is in charge of any economy.

Stop saying "they".  You know exactly who we are talking about.  The Treasury, the administration, and the Fed.  Stop pretending like this is all some shadowy conspiracy, rather than a simple failure of a large planned economy.

LoneStarHog's picture

Uh...What pronoun would you use for that group?

thesapein's picture

Same pronoun, just without the "scare quotes", was meant, maybe?

LoneStarHog's picture

That dumpy New York Gumba, Snookie, scares me more than a couple of quote marks.

But...hey...that's just me.

thesapein's picture

"I" ain't afraid of no quotes!

faustian bargain's picture

who ya gonna call? Quotesbusters!

tamboo's picture

those guys are middlemen, the really big money pulls their strings.

apberusdisvet's picture

The fact that PM prices have been suppressed by the CBs for at least 40 years is no conspiracy theory; it's fact and for obvious reasons.  "There shalt be no safer haven than USTs".  Unfortunately for the banksters, the Asians refuse to play in their game.  The Chinese, in particular will seek at least a partial gold standard in the coming years.  Take that to the bank.

Snidley Whipsnae's picture

Most likely a heavy tax on mined ore...similar to what Australia proposed recently. What is already above ground and held by individuals would be very difficult to confiscate and would likely cost more than it produced.

Heavy taxation on owned bullion = creation and expansion of black markets = funding for a new era of mobsters similar to prohibition. No good could come of it.

SWRichmond's picture

I see parallels between allowing real wealth to circulate and be privately held, and the individual right to bear arms.  Both leave power diffused in the hands of the many where it is much more difficult to manipulate / abuse.  Both are protection against standard means of abuse by governments: inflation of the currency, and abuse of the monopoly on the use of force.  Both were enshrined in the U.S. Constitution, for now-obvious reasons.

LoneStarHog's picture

What they can attempt to control is ammo, either at the manufacture or taxation.  That is why ammo sales have been so high and shortages had developed.

chrisina's picture

You can also store your physical gold, 100% allocated, in a tax free vault in Switzerland, in a perfectly legal and secure manner.

 

Almost Solvent's picture

And when SHTF, how can one access that gold unless one is in Switzerland or any bank deposit box when the bank holiday is instituted?

Keep physical nearby so that it can be acessed when needed.

DosZap's picture

chrisina,

And where do you think they will go first to get your wealth/gold.Any, and all Banks, Vaults.

They love it if you store it........you control it directly, YOU control it.They may issue confiscation, but folks want ice water in hell also.

Guess what neither WILL get it.After the abomonation and disaster these buffoons have caused globally,locally, folks are not going to turn over the only things they have left of value voluntarily.......

This is not 1933, and we not only distrust the Gv't we despise it, we hate it.

Unless, and until they ever get back to Governing as intended by the Constitution, they are no part of me.

My allegiance is to regular Americans, and family,and survival.

I take serious offense at what they have done, and are doing.

breezer1's picture

not sure why you were junked. makes sense to me. gold is political and poison to paper money. when it goes up there is no comment but when it goes down $10 the msn uses words like plummet and crash . 

if you want to poke a central banker or government in the eye, buy physical gold and silver. simple.