Saturday , 4 February 2023

These 86 Analysts Forecast Gold Going As High As $50,000! (+25K Views)

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More and more analysts are projecting that gold will be going at least as high as $3,000/ozt over the next few years. One even claims that gold will spike up to $87,500/ozt.! Below is a revised list of their names and stated rationale for each forecast.

By Lorimer Wilson, editor of munKNEE.com – Your Key To Making Money!

$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/ozt. (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/ozt. by the end of 2032. Source

2. Hugo Salinas Price: $22,000 – $50,000

  • Price says the current melt-down of the world’s debt bubble is likely to continue in the course of the next months and he believes that the salvaging of all debt and derivatives might require a gold price as high as between $22,000 and $50,000 per ounce. (January 2016) Source

3. Frank Barbera: $20,000 to $50,000 sometime between 2032 and 2037

  •  Barbera sees precious metals making a major low this spring and starting a new secular bull market that could last 10 to 15 years. He sees potential for gold to go as high as $20,000/oz or even $50,000 oz in that period. Source

$25,000 – $35,000 Gold

1. Stephen Leeb: +$35,000 by 2032

  • “I wouldn’t be surprised if everything related to commodities performs even better this time around – albeit with sharper volatility – than in the earlier decade…[and that goes for] my nominal 10-year target of $35,000 [as well].” Source

2. Egon von Greyerz: $35,000

  • I would not be surprised to see a 0.1 [Dow/Gold] ratio. That could lead to 3,500 Dow and $35,000 gold.” (October 2022) Source

3. 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.” Source

4. 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.” (September, 2021) Source 

5. Pierre Lassonde: $25,000 by 2049

  • Pierre Lassonde says gold could hit $25,000 in 30 years (September 2019) Source

 6. Avi Gilburt: $25,000 over the next decade plus

  • “I think the math shows gold futures can, and will, surpass $25,000  over the next decade plus.”(June 2015) Source

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$10,000 – $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 – some time between mid-2028 and the end of 2029.” Source

2. Leigh Goehring: $10,000-$15,000 by 2027-28

  • “Our target is between $10,000-$15,000 per troy ounce.,,[by] 2027-28.” Source

3.  Briton Hill: $5,000-$20,000 sometime between 2026 and 2031

  • “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.” Source

4. Peter Schiff: $20,000 IF

  • The value of gold could rise tenfold and hit $20,000 per troy ounce in the event of a collapse of confidence in the US dollar and runaway inflation. (March, 2022) Source

5. Addison Wiggin: $12,000

  • “The gold coverage ratio has risen above 100% twice during 20th century,” most recently at gold’s 1980 peak. “Were this to happen today, the value of an ounce of gold would exceed $12,000.” (October 2012) Source

$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.” (March, 2017) Source

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.” (January, 2020) Source

3. Max Keiser: $10,000

  • 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.” (April, 2020) Source

4. Adam O’Dell: $10,000

  • “The price is guaranteed to hit near $10,000/ozt..” (April, 2020) Source

5. AG Thorson: $7,500 – $10,000 by end of 2029

  •  “By the end of this decade, we expect gold to reach $7,500 – $10,000 per troy ounce.” Source

6. Don Durrett: $3,000 to $10,000

  • “My price target for gold is somewhere between $3,000 and $10,000 per troy ounce.” (November, 2019) Source

7. Investors Alley: $3,000 -$10,000/ozt. by 2027

  • Given the current environment of rising inflation, negative real yields, a weaker dollar, and ongoing monetary dilution, gold should rise to $3,000 -$10,000/ozt. in 5 years time. Source

8. David Smith: $10,000

  • “Gold could reach US$10,000 per troy ounce by the end of the bull market.” (June, 2020) Source

9. Bob Kirtley: $10,000

  • “My target has been $10,000/ozt. since June 2006, so at that point, an exit strategy will be executed, hopefully with some handsome profits.” Source:

10. Scott Minerd: $5,000 to $10,000

  • “As chaotic price swings of the crypto world push investors back into gold and silver, the precious metals will start to build momentum, with the ultimate gold price target set at $5,000-$10,000 per troy ounce.” (May, 2021) Source

11. Arthur Hayes: +$10,000

  • He argues that central banks will choose to load up on gold instead of dollars causing gold to rise beyond $10,000/ozt.. (March, 2022) Source

12. Chris Waltzek: $10,000

  • Waltzek maintains that $10,000 gold may merely be the opening salvo of an explosive new bull market for PMs. (February, 2022) Source

13. Jason Hamlin: $10,000

  • “The prospect of 5-digit gold is not so far-fetched. Gold at $10,000 or higher is not as unlikely as many people would think.” (June 2015) Source

14. Albert Edwards: $10,000

  • “We repeat our key forecasts of the S&P Composite to bottom around 450, accompanied by sub-1 percent U.S. 10-year yields and gold above $10,000.” (April 2013) Source

15. Michael Pento$10,000

  • “It wouldn’t surprise me if gold eventually goes to $10,000 an ounce or even higher because there is no limit to the productive capacity of central bankers to produce currency.  I think it would be more surprising if gold didn’t go to $10,000 an ounce.  When the US dollar loses its world reserve currency status and the US bond market collapse is in full swing, a $10,000 gold price may prove to be very conservative.” (December 2012) Source

16. Nick Barisheff: $10,000

  • “Growing debt levels in the developed world will continue to bolster gold into the foreseeable future, bringing with it the potential for the precious metal to eventually reach $10,000 an ounce.” (January 2012) Source

17. Ron Paul: $10,000

  • “Gold prices could hit $10,000 an ounce if the U.S. doesn’t get its fiscal house in order.”(June 2011) Source

$7,000 -$10,000 Gold

1. Florian Grummes$8,000 to $9,000 sometime between 2025 and 2030

  • “We could end up having gold at $8,000 to $9,000 per troy ounce in five to 10 years.” Source

2. Ronald-Peter Stoeferle and Mark Valek: $4,800 to $8,900 by 2030

  • “The proprietary valuation model shows a gold price of $4,800/ozt. at the end of this decade, even with conservative calibration. Should money supply growth develop in a similar inflationary manner to that of the 1970s, a gold price of $8,900/ozt. is conceivable by 2030.” Source

3. Graham Summers: $8,000

  • “Gold first rallied about 630% from 2003-2011. It then corrected about 43% before bottoming in 2015 at $1,060/ozt.. If it follows a similar second leg up this time around, it’s going to ~$8,000 per troy ounce before it peaks.” (September, 2020) Source

4. Hubert Moolman: $7,758

  • “In my opinion, it is virtually guaranteed that gold will again catch up with the Dow’s performance since 1913, and significantly surpass it just like in the 70s. This means we will likely see gold reach $7,758/ozt. (in the near future) and eventually go on to reach multiples of that high.” (August, 2020) Source

5. Gov Capital: $5,837 by 2023; $7,220 by 2024; $8,531 by 2025

  • “5 year gold forecast: $8530.74/ozt.” Source

6. Jason Hamlin: $4,000 to $8,000 by 2025

  • “We fully expect to see the gold price close out the year 2025 somewhere between $4,000 and $8,000 per troy ounce.” Source

7. Jeff Clark: $3,000 to $10,000 by 2025

  • “Potential 5-year high: $3,000 to $10,000 per troy ounce.” Source

8. Charlie Morris: $7,166 by the end of 2029

  • “A bullish target of $7,166/ozt. is both logical and plausible.” (December, 2019) Source

9. Mike McGlone: $7,000 by 2025

  • “From 2001-2011, gold advanced about 7.5 times, which if repeated would bring it to around $7,000/ozt. in 2025.” Source

10. Equity Management Academy: $5,500 in 2024

  • “Gold will then hit the delusion phase and in a new paradigm gold will hit $5,500 in 2024. After that high, gold will enter another bull trap and fear will drive gold down below $4,000. Gold will then return to its mean at about $1,500 to $2,000.” Source

11. Chris Vermeulen: $7,400 by 2027  Source

12. Robin Griffiths: $8,000

  • Griffiths says $8,000 gold is not unreasonable because China and India are becoming more dominant and to them, gold is real money. (March, 2011) Source

$4,000 – $7,000 Gold

1. Rob McEwen: $5,000

  • The founder of Goldcorp Inc., McEwen predicts that gold will soar to $5,000 a troy ounce, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks. (January, 2019) Source

2. Victor Dergunov: $5,000 between 2022 and 2024

  • “Gold at $5,000/ozt. in 3-5 years seems plausible, and it is likely to continue to go higher after that.” Source

3. Dan Popescu: $5,000 by 2025 years

  •  “Gold price could break above $5,000/ozt. in the next 5 years.” Source

4. David Morgan: $5,000 before the end of 2029

  •  “Gold could hit $5,000 a troy ounce this decade, especially as the greenback loses purchasing power.” Source

5. Moe Zulfiqar: $5,000 by 2030

  • ” It wouldn’t be shocking to see gold at $5,000 per troy ounce, or more, by 2030. ” Source

6. Brian Whitfield: $5,000 by 2030

  • “I feel I am safe, and being conservative, in saying that gold should be trading between $3000 – $5000 per troy ounce in ten years. Should the U.S. dollar fail and/or the U.S. dollar loses the coveted global reserve currency status and/or even the loss of the petrodollar, gold could hit these level far sooner.” Source

7. Chris Wood: $5,386

  • “The gold price of US$850/ozt. at the peak of the last secular bull market in gold in January 1980 was then equivalent to 9.9% of US disposable income per capita. The gold price is now just 3.6% of US disposable income per capita. Therefore, to reach 9.9% of US disposable income per capita means gold should rise to US$5,386/ozt.. (September, 2020) Source

8. Geraldo Del Real: $3,000 to $5,000

  • “I actually think $3,000 to $5,000 per troy ounce is very reasonable.” (July, 2019) Source

9. Thomas Kaplan: $3,000 to $5,000 by 2030

  • “Gold prices could rally as high as $3,000 to $5,000 per troy ounce within a decade.” Source

10. David Rosenberg: $3,000 to $5,000

  • “A $3,000 to $5,000 per troy ounce target.is fundamentally justified based on the facts we have today.” (August, 2019) Source

11. Gary Christenson: $5,000 by 2022

  • “a gold price of $5,000/ozt. in 2022 is plausible.” Source

12. Shaun Djie: $3,000 to $4,000 by the end of 2029

  • “In the next 10 years, gold will continue to be volatile. Gold could trade anywhere between the levels of $3,000 or $4,000 per troy ounce in the next ten years given how much cash will be potentially put into the economy.” Source

13. Frank Holmes$4,000 by 2023

  • “The yellow metal is set to rally in the same fashion as in the aftermath of the last recession and, if cycles are exactly the same, gold could go to $4,000/ozt.”. Source

14. Diego Parrilla: $3,000 to $5,000 sometime between 2023 and 2025

  • Unprecedented monetary stimulus is fueling asset bubbles and corporate debt addiction — rendering interest-rate hikes impossible without an economic crash. In the ensuing market mania gold could rise to $3,000 to $5,000 per troy ounce in the next three to five years. Source

15. Eric Fry: $3,000 to $4,000

  • ‘When this ballgame ends, gold with be trading for at least $3,000 a troy ounce, and an extra-inning affair would not surprise me — lifting the gold price past $4,000/ozt..” (July 2020) Source

16. Michael Cuggino: $4,000

  • Cuggino says it would “not be an unreasonable move” for gold to breach $4,000/ozt.. (August, 2020) Source

17. Kirk Spano: $3,000 to $5,000 by 2025

  • “$3,000/ozt. mid-decade [with] upside potential to $5,000 per troy ounce.” Source

18. Jordan Roy-Byrne: $4,000 by end of 2024

  • “Gold will hit my $4,000 target by the end of 2024.” Source

19. Stan Bharti: $4,000-$5,000/ozt. in this cycle

  • Believes gold is going to between $4,000-$5,000/ozt. in this cycle. (March 2022) Source

20. Ralph Wakerly: $5,000/ozt., sometime between 2025 and 2028

  • Believes gold could easily reach $5,000/ozt., maybe more, within 3-6 years. Source

21. GoldPriceForecasts.com: $3,000 within the year of 2027, $3,500 in 2029 and $4,000 in 2031. Source

22. Rick Rule: $4,000 – $6,000 by 2027

  • Rule says that in past bull cycles, gold has climbed at least seven-fold, and that it is very likely that gold will double or triple by five years’ time. Source

$3,000 – $4,000 Gold

1. Adam Hamilton: $3,450

  • “Gold prices ought to at least double before this raging inflation runs its course, which would carry it up around $3,450 sometime in the coming years!” (June, 2022) Source

2. Jan van Eck: $3,400

  • Jan van Eck, Van Eck Associates CEO, has a target for gold of $3,400 an ounce, based on the idea that deflationary market environments with similar levels of government stimulus and systemic risk have been bullish for gold in the past. (August 2020) Source

3Joe Foster: $3,200 to $3,400

  • “We…believe this to be a deflationary cycle and both recent deflationary gold bull markets suggest that a price over $3,000 per troy ounce is reasonable. In fact, if one believes, as we do, that the current central bank stimulus to fight the impacts of the COVID-19 virus, along with elevated levels of systemic risks, are similar to those during the global financial crisis, then $3,400/ozt. may be the target for this bull market.” (August 2020) Source

4.  Charles Gibson$3,281

  • “Since 1967, the price of gold has shown an extremely strong (0.909) correlation with the total U.S. monetary base. The more dollars that either are, or could be, in circulation, the higher the expected gold price. With the total US monetary base now closing in on US$5.5tn the gold price could very reasonably be expected to rise to as high as US$3,281/ozt.” (June 2020) Source

5. WingCapital Investments: $3,000

  • “Using the post-2008 bull market as a guideline during which gold more than doubled within the ensuing 3 years, $3,000/ozt. would be a reasonable long-term target in our opinion.” (March 2020) Source

6. Brian Lundin: $3,000 by 2024

  •  “I think we’ll set a new record in real terms, exceeding $3,000/ozt., at some point over the next four years or so.” Source

7. Byron King: $3,000

  • “I think Bank of America is on track. I don’t think there’s any question gold will see $3,000/ozt.. As with all things in life, it’s just a question of how long it will take.” (April, 2020) Source 

8/9. Ben Morris and Drew McConnell: $3,000

  • “$3,000 per troy ounce isn’t a long shot.” (May, 2020) Source

10. Stewart Thomson: $3,000

  •  “Queen Gold is assured of launching above the key $2,000/ozt. price zone, ready to begin a rocket blast towards my medium-term $3,000/ozt. target!” (June, 2020) Source

11. John Ing: Higher than $3,000

  • “We expect gold to trade higher than $3,000 a troy ounce due to a lower greenback and solvency concerns.” (August 2020) Source

12. SomaBull: $3,000

  • “The money supply is quickly heading to levels that would support a $3,000/ozt. gold price well in excess of fair value by the time this bull market is exhausted.” (October, 2020) Source

13. Adam Trexler: $3,000

  • “With inflation coming, we’ll see gold over $2,500/ozt. in real dollar terms but we’ll see a devaluing of the dollar…[and] if you see 10% inflation, the dollar number value of gold could be much higher. I don’t think $3,000/ozt. gold is impossible and, if we see a hyperinflation scenario, it could be significantly higher.” (June, 2021) Source

14. Lawrence Lepard: $3,000 by mid-2024 Source

15. Tony Dobra: $3,000

  • Dobra believes the situation in Ukraine should see gold topping $2,100/ozt. later in 2022 and then that, anything is possible with $3,000/ozt. more likely than not. (April, 2022) Source

16. Trevor Gerszt: $3,000 by 2025

  • Gerszt believes the prospect for $3,000 gold by mid-decade is not outlandish. Source

17. Clem Chambers: $3,000

18. Sean Williams: $3,000 in 2022

  •  “It would not be in the least bit surprising if spot gold approached $3,000 per ounce by sometime in 2022.” Source

19. David Garofalo: $3,000

  • “Gold’s all-time peak in real terms was actually achieved in 1981 when the nominal gold price was $850 an ounce, that would be $3,000 an ounce in 2021 dollars. That’s what I think I see in this cycle.” (September 2021) Source

20. Bloomberg Intelligence$3,000

  • “There is a good chance for gold to even reach $3,000 an ounce during this bull run, according to Bloomberg Intelligence charts.” (August 2020) Source

21. Ole Hansen of Saxo Bank: $3,000 in 2023

  • Not only is the Fed expecting to end its tightening cycle early in 2023, but the threat of a global recession will force central banks to pump liquidity back into global financial markets which should drive gold prices to at least $3,000 next year. Source

What do you think of the above price forecasts? Have your say in the “Comments” section below. Also, if I have missed other analyst forecasts (they must be within the last year) please mentioned them below and I will include them in a future article.

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