There are many gold and silver prognosticators out there, with many calls on future prices, but this interview of Harvey Organ by Greg Hunter of USAWatchdog.com was bolder and more provocative (some may say ridiculous) than most. His explicit call for $3,000 per ounce gold and $200 per ounce silver by the end of this year (with big spikes up after that in 2015) may be music to the gold and silver bugs ear, but you have to ask whether this is just re-enforcing the bias/view you already hold about gold. I'll give Greg credit for pushing Harvey to explain how he gets the number, and though there is some rationale in this 30 minute interview for potential physical shortages, the end number is purely arbitrary. You watch the video and make up your own mind.
"Silver is similar to what is going on in gold, but even better. In China, on September 22, they are going to have a futures market similar to Comex, but it will be in physical metal (silver). You settle in physical metal. So, for the first time, you are going to see the pure price discovery mechanism work, and it’s going to be in total conflict to the crimes that are being committed on the Comex. By December, this whole thing is going to collapse.”
Many have probably seen similar forecasts in 2008, 2009, 2010, 2011, 2012...etc. Eventually this type of scenario may or may not come to fruition, but those long gold and silver have got to be coming close to the end of their patience. Caveat emptor.