The Chief Editor of The Economist has done a 180 degree turn around on gold's future, for the coming few years. No longer totally agnostic about gold, the editor is now 100% a believer. This, after "The Economist" magazine bashed gold for years, with his approval. Currently, the metal and it's stock sector is in a correction mode. The bull market is believed by experts to be resting before it takes off again. The US dolar's devaluation is on hold while the European mess gets adjusted to. Gold and it's related equities could take off in a week or in a year, but it seems inevitable given the ever increasing unpayable sovereign debts in Europe, Japan, the US and elsewhere. Devaluing currencies is the most significant way the governmets have to deal with this situation. It has to happen, almost all pundits say. It is the government's only significant way out of this mess. Current "average" gold predictions from experts are for an approximate eventual 300% increase in value from current levels. Their equities are expected to do as well or better with certain smaller juniors and explorers significantly better yet. Some sector expert notables believe that the parabolic rise in precious metals equities seen in 1979 and 1980 will likely be seen again, when many small explorers who "had the gold" rose in share value by 1,000%, 10,000% with some even as much as 100,000+%. Whether such increases will happen again is for now only a speculative uncertain possibility. Meanwhile, the sovereign debt in the US, Europe, Japan and elsewhere increasingly grows and devaluation of currencies increasingly becomes unavoidable, as does the liklihood of the eventual commensurate rise in gold and related stocks. Yet, nothing is absolute. There is always risk

marwal

This is from Zero Hedge: US Editor Of The Economist: “Paper Dollar” And “Paper Euro” Will “Debase” In A “Big Way”