Updated: 79 Analysts Now Forecast Gold Going to $3,000 Or More
The comments below are an edited and abridged synopsis of an article by Lorimer Wilson
More and more analysts believe that gold will reach at least $3,000 over the next few years. One even claims that gold will spike to $87,500! Their names and rationales for their forecasts is included. A sample:
Jim Sinclair: $50,000 in 2025 and to $87,500 by 2032. In a recent YouTube video Sinclair said that, with so many US dollars being printed to uphold the economy as a result of Covid, gold will rise to $50,000 (go ‘straight up’) at the end of the 45-year gold cycle, which is in 2025, and rise to $87,500 by the end of 2032.
Goldrunner: $20,000 between mid-2028 and end of 2029: “As a result of the recent massive paper money printing, our chart work suggests that gold could possibly spike up to as high as $20,000 per troy ounce—or even a bit higher—sometime between mid-2028 and the end of 2029.”
Pierre Lassonde: $20,000 in 2—5 years: “Gold prices should skyrocket to much higher levels, even $20,000/ozt. in two to five years’ time, as gold reaches a price level close to the level of the Dow Jones Industrial Index.”
Egon Von Greyerz: $20,000: “I believe a gold price of $20,000/ozt. is very probable, even without high inflation.”
James Rickards: “$10,000 per troy ounce is not pie in the sky. It’s not a number I pulled out of a hat to get headlines. It’s the actual mathematical implied non-deflationary price of gold.”
Daniel Oliver: “The money to push gold over $10,000 per troy ounce has already been printed and now they are going to print more… No doubt strong fiscal and monetary intervention may extend its life for a time, but then the ultimate price objective for gold will then be markedly higher.”
Max Keiser: “To deal with the disaster of ‘trash fiat money’ choking the global economy, a new gold standard will need to be introduced and to make it work, we will see gold’s price top $10,000 per troy ounce.”
Nick Barisheff: “I think it will hit $10,000 per troy ounce, as described in my book.”