Back in April I posted an article here in which 22 "analyst" projected that gold would be going at least as high as $3,000/ozt over the next few years with a few even claiming gold would reach at least $20,000/ozt.. 3 months later that list has more than doubled to 46. Below is a revised list of their names and stated rationale for each of their forecasts.

$20,000 Gold

1. Goldrunner: $20,000 between mid-2028 and end of 2029

• This forecast seems rather extreme but Goldrunner has an enviable track record so he is someone worth paying attention to. Back in April 2011, when gold was trading around $1,500/ozt., Goldrunner projected in an article published on munKNEE.com that gold would reach somewhere between $1,860/ozt. and $1,920/ozt. by mid-year and it did just that reaching $1,917.20 in late August and peaking at $1,923.70 in early September. Now he says that, "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 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 is very probable, even without high inflation." 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." Source

5. AG Thorson: $7,000 - $10,000

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

• "My price target for gold is somewhere between $3,000 and $10,000." Source

$7,000 -$9,000 Gold

1. Florian Grummes: $8,000 to $9,000 in 5 to 10 years

“We could end up having gold at $8,000 to $9,000 gold 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 USD 4,800 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 USD 8,900 is conceivable by 2030.” Source

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

• "5 year gold forecast: $8530.74" Source

4. 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

5. Jeff Clark: $3,000 to $8,000 in 5 years

• "Potential 5-year high: $3,000 to $8,000." Source

6. Charlie Morris: $7,166

• "A bullish target of $7,166 is both logical and plausible." Source

$4,000 - $5,000 Gold

1. Rob McEwen: $5,000

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

2. Victor Dergunov: $5,000 in 3-5 years

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

3.  Dan Popescu: $5,000 in 5 years

•  "Gold price could break above $5,000 in the next 5 years." Source

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

•  "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 US dollar fail and/or the US 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: $4,200

• "A long-term bullish view is maintained on gold bullion, with the ultimate price target still set at US$4,200/ozt.." Source

8. Ole Hansen: $4,000

• "$4,000 probably is a little bit far-fetched as the world looks right now, but if you look years into the future, then that is possible because the repercussions of what we're going through right now with the pandemic and the aftermath is going to be something that's going to be felt for at least this generation and potentially beyond."  Source

9. Geraldo Del Real: $3,000 to $5,000

• "I actually think US$3,000 to US$5,000 is very reasonable.” Source

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

• "Gold prices could rally as high as $3,000 to $5,000 within a decade." Source

11. David Rosenberg: $3,000 to $5,000

• "A $3,000 to $5,000 target.is fundamentally justified based on the facts we have today." Source

12. Gary Christenson: $3,000 to $5,000 by 2022

• "A reasonable “status quo” valuation for gold in 2021 is around $3,000.  Prices will fall below and occasionally spike much higher than the valuation so a gold price of $5,000 in 2020 – 2022 is plausible." Source

13. Shaun Djie: $3,000 to $4,000 within 10 years

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

14. Frank Holmes: $4,000 in 3 years

• "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”. Source

15. Diego Parrilla: $3,000 to $5,000 in the next 3 to 5 years

• 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

16. Massimiliano Bondurri: $3,000 to $5,000 in 3 to 5 years

• Massimiliano Bondurri, a capital founder and a CEО of SGMC, believes an ounce of gold will rise in price to $3,000 -$5,000 in the next 3-5 years. Source

$3,000 - $3,500 Gold

1. Chris Vermuellen: $3,500

•  "Expect to see an ultimate peak price in gold well above $3,500." Source

2. Charles Gibson: $3,281

• "Since 1967, the price of gold has shown an extremely strong (0.909) correlation with the total US 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.” Source

3. Bank of America: $3,000 by end of 2021

• BoA raised its 18-month price target for gold to $3,000 a troy ounce citing the prospects of endless monetary expansion from central banks, including the Federal Reserve, to limit the economic damage from the COVID-19 pandemic. Source

4. 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 would be a reasonable long-term target in our opinion." Source

5. Tony Hayes: $3,000 by end of 2020

• "It seems certain that US$ 2,000 per ounce will soon be exceeded and probably be above US$ 3,000 per troy ounce by year-end." Source

6. Barry Dawes: $3,000 within 2 to 3 years

• "I expect to see US$3,000/ozt. in gold over the next 30 months." Source

7. Kirk Spano: $3,000

• "The inevitable outcome is inflation and that devalues currencies and overwhelms government debts and that will drive gold to as high as $3,000 per troy ounce." Source

8. Brian Lundin: $3,000 by 2024

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

9. 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. As with all things in life, it's just a question of how long it will take." Source 

10. Ben Morris and Drew McConnell: $3,000

• "$3,000 per troy ounce isn't a long shot." Source

11. Alex Mashinsky: $3,000 by end of 2021

• Mashinsky sees gold climbing to $3,000/ozt. by the end of next year but admits that even more gains are possible depending on how bad the currency debasement gets. Source

12. Robert Kiyosaki: $3,000 within 1 year

• "I predict $3,000 gold in 1 year." Source

13. Stewart Thomson: $3,000

•  “Queen Gold is assured of launching above the key $2,000 price zone, ready to begin a rocket blast towards my medium-term $3,000 target!" Source

14. Leon Wilfan: $3,000 in 2021

• "If the economy contracts further and we enter a protracted recession, then gold could reach $3,000 in 2021." Source

What do you think of the above price forecasts? Have your say in the "Comments" section below.