View such forecasts with a bit of pessimism, big powers are in control, are they not? A reminder of past forecasts ( EdGee at Stockhouse is me, Edgy):

SUBJECT: Sinclair on Gold Posted By: EdGee on Stockhouse's GRZ board Post Time: 9/27/2006 13:59
My notes from Jim Sinclair on Bloomberg TV US, Sept,27 2006. (Market Line)
'Bull run is just getting started.'
Gold is inverse of US Dollar = Alternate currency. Main driving factor.
Geopolitics, oil and others are just noise ( temporary effect ) as far as gold is concerned.
Gold smallest market in the world - no room for hedge funds etc.
Expects gold to reach $1650-1750 ( today's equivalent of $800 price in the 1980s ) in the next two months!?

Also:
Fron an interview with the editors of BIG GOLD, Casey Research, Mar 27,2008
"BIG GOLD: What price do you think gold will hit in 2008?
Doug Casey: Strictly gazing through a crystal ball, I think it's going over $1,200, no problem.
BIG GOLD: What about the long-term price for gold?
Doug Casey: Just to reach its previous high in purchasing power, gold will have to go over $2,500 - probably more like $3,000 after you discount the phoniness in the government's CPI numbers. But because this crisis is much more serious than the one in the late 1970s and early '80s and much more far-ranging, $3,000 is actually a fairly conservative number. I'll say it again: gold is not just going through the roof, it's going to the moon."