April Gold Update: 65 Pundits Now See Major Price Surge Coming

65 analysts are now forecasting that the price of gold will increase dramatically this decade with 14 maintaining that $10,000/ozt and beyond is more than likely. One of them even claims that gold will reach $50,000/ozt. in 2025 and then spike to $87,500/ozt.! Below is a revised list of their names and stated rationale for each of their forecasts.

Back in April I posted an article presenting forecasts by 22 analyst on the future price of gold. In July that number was updated to 46, to 55 in mid-August and to 61 in October (see here). This article updates that number to 65 analysts (4 additions so noted) with similar points of view. (All figures are in US$/ozt. i.e. per troy ounce.)

$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

$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." Source

$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. 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." Source

3. Egon Von Greyerz: $20,000

  • "I believe a gold price of $20,000/ozt. is very probable, even without high inflation." Source

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

  • “Our target is between $10,000-$15,000/ozt.. That will happen at the end part of this coming decade — 2027-28.” 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." 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." 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.” Source

4. Adam O’Dell: $10,000

  • "The price is guaranteed to hit near $10,000/ozt.." Source

5. AG Thorson: $7,000 - $10,000

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

6. Peter Schiff: $5,000 to $10,000

  • Schiff projects a price of between $5,000 and $10,000 per troy ounce, and says the Dow Jones Industrial Average, which is now valued at about 12 times the price of gold, will trade at just 7.5 times instead. Eventually, he sees gold and the Dow trading at even money. Source

7. Don Durrett: $3,000 to $10,000

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