Thursday , 25 July 2024

Gold Eventually Going To $5000 – Or Even Higher (+2K Views)

The correction in gold is approaching, or is at, its conclusion although gold could drop to $1000 before it’s done. That being said, however, further losses are looking less likely as the dollar has broken down from its parabolic uptrend and is vulnerable to a severe decline. The long-term outlook for gold and silver is a massive parabolic ramp similar to, but much greater in magnitude than that which occurred in the 1970’s, taking gold eventually to $5000 or higher. Silver may prove to be an even better investment.

Here’s my explanation with a good number of charts to support my contention.

Have your say on the subject via:

We’d like to know what you have to say.

Related Articles from the Vault:

1. Gold Could Drop To $1,000 In a Fast & Furious Sell-off?

I believe those with patience will get the chance to buy gold a lot cheaper than current prices. Gold could be heading toward the $1,000 per troy ounce level – or lower – and that price may come in a fast and furious sell-off. Read More »

2. Silver Will See Much Greater % Price Appreciation Than Gold – Here’s Why

The price of silver is going to go much, much higher – much higher – over the next decade relative to gold. Below are 5 solid reasons why I believe that is the case. Read More »

3. Gold & Silver Going BELOW $1,000 & $15 Respectively Say These Analysts

“Told you so!” I’m sure that is what the analysts who have projected such a dramatic decline are saying with the recent major correction in the prices of gold and silver. Read why they have come to their conclusions in this catch-all article. Read More »

4. Gold Measurements “Troy” & “Karat”: What Do They Mean?

You have no doubt read countless articles on the price of gold costing x dollars per “troy ounce” or perhaps just x dollars per “ounce” but the difference between the two measurements is significant. For that matter, what’s the difference between a 24 karat gold ring and an 18 karat gold ring? Let me explain. Read More »

5. These Analysts Think Gold Is Going to $4-5,000/ozt. – Even More – By 2020

Here are the predictions of all the pundits on record as to how high and how soon (with rationale as to why) gold is expected to go before the bubble bursts. Read More »

6. Hope, Hype, Optimism & Wishful Thinking Abounds Regarding Future of Gold & Silver – Here’s Why

Optimism, hype, wishful thinking, hope – call it what you will (unabashed cheerleading?) – abounds regarding the future for the price of both gold and silver. Below are just a few such views. Read More »

7. Future Silver Price of $100, $200, $300 – Even $700 per Troy Ounce – Is Quite Feasible. Here’s Why

Many analysts predict a parabolic rise in the price of gold over the next 5 years and, as such, it is realistic to expect that silver will also escalate dramatically in price – but by how much? This article applies the various historical silver to gold ratios to come up with a range of prices based on specific price levels for gold being reached. Read More »

8. $10 Silver Is Coming! Here’s Why

I believe that we are on the verge of an epic sell-off in silver that will take the price of gold’s little brother down to the $10 level quickly. I have a strong sense that the price action over coming months will shock many, just as they were shocked by oil over recent months. Read More »

9. JP Morgan Is Stockpiling HUGE Amounts of Physical Silver – Why?

Why in the world has JP Morgan accumulated more than 50 million troy ounces of physical silver since early 2012, adding more than 8 million troy ounces during the past couple of weeks alone. Why are they doing this? What do they know that the rest of us do not? Could it possibly be that they are anticipating another great economic crisis? We are definitely due for one! Here’s what I think is going on behind the scenes. Read More »

10. Silver Going to $100/ozt – Even More – By 2020? These Analysts Think So

Few pundits who have forecast the future price of silver have provided a specific date as to when their projections will most likely be achieved and why. This article provides that information. Read More »