Gold Forecast: Expert Predicts $10,000 Gold And $300 Silver
The comments below are an edited and abridged synopsis of an article by A.G. Thorson
In 2013, when Nick Barisheff wrote $10,000 Gold: Why Gold’s Inevitable Rise Is The Investor’s Safe Haven, he felt like a lone wolf, the sole voice calling for gold’s dramatic rise. But today, president of Financial Sense Wealth Management Jim Puplava says he expects gold to trade above $10,000 and silver near $300 later this decade.
At the turn of the century, when gold was below $300, Jim correctly predicted the 10-year bull run in precious metals, expecting gold to reach new all-time highs above $1,000. In hindsight, he admits his call was conservative as gold nearly achieved $2,000.
In this article, Thorson writes about the demographic factors supporting much higher precious metal prices and why he believes gold may be on the verge of a major breakout.
Up for discussion: The paradigm shift; the Chinese miracle; the next Great Depression; what’s next; and a precious metals update.
In closing Thorson writes, “The final washout in metals and miners is complete, and we may be entering the beginning stages of a powerful advance.”
“When gold breaks above $2,100, I don’t think it will stop until it reaches $3,000 in 2024. Gold miners could launch from here.”