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December 3, 2009 - Many new gold bullion price projections have emerged recently, largely due to the fact that many analysts’ projections for this year and 2010 have already been surpassed. To receive the latest gold bullion price projections, click below for insider information on the gold bullion market, or call directly.

The current gold spot price is $1214.80, which is a 12.28% increase in the last month. While it is outlandish to believe that gold could gain 12% every month, conservative financial advisers and gold market analysts say that the gold spot price could gain between 14-18% by the end of 2010.

• CitiFX analysts have reported that they have firm faith that the gold spot price could continue to rise next year. These analysts have been on top of this bullish market since 2001, when COMEX-traded gold was worth $252 per ounce. CitiFX analysts have predicted gold prices of up to $1300 in the first quarter of 2010. These figures are very conservative when you consider the fact that a $1300 gold spot price is only 7% over today’s levels.

• Dr. Michael Berry, economist and financial writer, believes that our leaders in Washington will relentlessly operate the printing presses in a vain attempt to ease our recession. Such an action historically boosted precious metal prices substantially. Dr. Berry believes that gold could reach $1500 per ounce in the current cycle, and he has maintained his stance that silver bullion could be selling based on a $35 spot price if gold reaches $1500 levels.

• Martin Armstrong is the former President of Princeton Economics, and this gentleman has predicted a gold price of $1350 in 2010. Armstrong believes that our nation will reach a “danger zone” in terms of citizen confidence next year, due to the abnormally high levels of debt that we have tied up in Social Security, Medicare, and other government programs which are on the fast track to insolvency. If Americans become even more unwilling to invest in dollar-backed assets, it could provoke a complete monetary meltdown within the next two years. Armstrong believes that consumers will flock to safe-haven assets like gold, and this demand could drive the gold spot price higher over time.

These are but few of the most conservative gold bullion price projections for the coming year, and you can get the most up-to-date gold prices and projections by calling us directly or signing up for the 2010 Insider’s Guide to Gold Bullion Investing below. 

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Jonathan Monroe

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