Gold price1 Oct 2021 08:58
This is a long read but relevant to investors in Lex
GOLD Price Projection (based on the following 68 industry analysts)
More and more analysts are projecting that gold will be going at least as high as $3,000/oz over the next few years. One even claims that gold will spike up to $87,500/oz.!
Below is a revised list of their names and stated rationale for each of their forecasts.
$50,000+ Gold
1. Jim Sinclair: $50,000 in 2025 and to $87,500 by 2032
In a recent YouTube video Sinclair said that, with so many U.S. Dollars being printed to uphold the economy as a result of COVID-19, that Gold will rise to $50,000/oz. (i.e. go “straight-up” in Sinclair’s words) at the end of the 45-year gold cycle which is coming up in 2025 and rise up to $87,500/oz. by the end of 2032.
$25,000 Gold
1. Erik Lytikainen: $25,000 by 2030
“We will not be surprised to see $25,000 per troy ounce of gold by the year 2030. It will likely be a volatile ride higher, with large drawdowns along the way.”
2. Martin Armstrong: $25,000
“Gold should theoretically sell for $25,000 a troy ounce, given the monetary prolificacy since 1980”…in reference to the ever-soaring $3.3 Trillion U.S. budget this year, alone.
$20,000 Gold
1. 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.”
2. Pierre Lassonde: $20,000 in 2 – 5 years
“Gold prices should skyrocket much higher levels, even $20,000/oz. in two to five years’ time, as gold reaches a price level close to the level of the Dow Jones Industrial Index.”
3. Egon Von Greyerz: $20,000
“I believe a gold price of $20,000/oz. is very probable, even without high inflation.”
4. Leigh Goehring: $10,000-$15,000 by 2027-28
“Our target is between $10,000-$15,000 per troy ounce.,[by] 2027-28.”
5. Briton Hill: $5,000-$20,000 in next 5 to 10 years
“You can’t produce trillions of dollars with 0% interest rates and not introduce inflation. Long-term, we could be entering a cycle similar to the 1970s, where the precious metal sector rose by thousands of percentage points, and if we see something like that happen again in the next 5-10 years, we could easily see $5,000, $10,000, even $20,000 gold,” he said. “Gold could easily hit $20,000 per troy ounce in the next decade.”
$10,000 Gold
1. James Rickards: $10,000
“$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.”
2. Daniel Oliver: $10,000
“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.”
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