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Gold: to go to 3000 by 2015-2017 (Rs 55000 per 10 gm current price 27000 per 10 gm)

 In my opinion, gold is important to buy as it is the only liquid defence against inflation. People who took pension schemes 15 to 25 year back are finding the monthly pension amount to have far less buying power than expected. If that amount was put in gold gradually, instead of investment in pension schemes, they would have been spending out of their gold savings and have considerable wealth in the form of gold.
 
In September 2009, when gold was around $1000,  technical analysts on www.seekingalpha.com , a credible website for market movements, predicted gold to go to 1500 per ounce (Rs 25000 per 10 gm). In the same article, they also forecast it to go to 3000 by 2015,2017
Excerpt:
As we look ahead over the next 5 years, with all of the money being printed worldwide, expect inflation to rear its ugly-head once again, a catalyst that could very well lead to the parabolic stage for Gold's bull market, where it goes to 3000 or even higher by 2015-2017. While inflation is the main reason for why we feel that we could see such high prices, there are a number of other factors to also consider. These include:
China: Over the next 5 years, look for China to slowly divert its foreign reserves out of Dollar denominated assets and into hard currencies, such as Gold and Silver. This is a huge potential catalyst for precious metals of all varieties. Recently, there have even been reports of China encouraging its citizens to buy into precious metals on their own. Imagine where prices could go if this becomes a trend, where precious metals are bought into by Chinese citizens, as opposed to them buying into equities.
The Public: As our economy fails to return to its glory-days and as the average Joe grows weary of stock and real-estate markets that fail to offer returns of any kind, look for the public to embrace precious metals in the coming years. With the advent of ETFs in the past few years making Gold and other commodities more readily accessible to the general public, look for "Gold-Fever" to sweep the nation down the road.
With 5-7 years to go in the Commodity Secular Bull Market, expect certain commodities to go parabolic in the coming years. Take a look at Sugar, a commodity that has soared this year without much fanfare from the press or public. If history is any guide, the most dynamic gains of any Secular bull are typically seen in the parabolic stage, when prices catapult higher than even the staunchest bulls would have thought possible. All one has to do is take a look at how Oil climaxed last year or the move that the Nasdaq had before topping in the Spring of 2000.

Read full at:http://seekingalpha.com/article/160592-gold-1200-by-year-end-1500-in-2010-3000-by-2015-2017 

Also see:
http://drkhalid.blogspot.in/2013/04/gold-forecast-1200-1250-target-level-at.html
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