# NOTE ADDED 25th March 2018 UPDATING DECEMBER 30th 2016 POSTING
Chart illustrating $ gold price since 2010
The LBMA annual forecasting competition, an essential and free information resource, has now been published for 2018 and is accessible on the following link.
All forecasts are, of course, only guesses and depend on how domestic, political and geopolitical events will play out on the world stage. The forecasts for 2018 reveal strongly divided expectations with forecasts as low as $1120 and as high as $1510.
THE NOTE ON MY PROPOSED NEW BOOK ON GOLD HAS BEEN DELETED FROM THE DECEMBER 2016 POSTING THAT FOLLOWS:
Sound motivation, good timing, good strategies and reliable current information are essential for all investment decisions. Gold is no exception.
My suggestions for now are to follow two of the late Maynard Keynes’s pithy suggestions:
1: Successful investing is anticipating the anticipations of others.
2: When the facts change I change my mind. What do you do Sir ?
Goldwatcher 8th October comment re-posted:
Keynes on The Economic Consequences of the Peace:
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
“By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.”
Chart £ – $