E Gold Update: 25 Analysts Currently Forecasting $3,000 Gold; 5 Predicting $10,000 - $25,000 Gold By End Of Decade

5 more analysts are projecting that gold will be going at least as high as $3,000 per troy ounce (ozt.) over the next few years. Below is an updated list (see previous summary here) of the most recent analyst projections with the most recent forecasts designated as "NEW".

$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.  Briton Hill: $5,000-$20,000 in next 5 to 10 years (NEW!)

  • "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 day decade." Source

$10,000 Gold

1. 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:

2. Scott Minerd: $5,000 to $10,000 (NEW!)

  • "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." Source

$6,000 -$9,000 Gold

1. 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." Source
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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 ...

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William K. 1 month ago Member's comment

The pricing for gold is known to track a lack of confidence in the rest of the economy, and it also appears to track inflation fairly constantly. So of course gold prices will be rising as the purchasing ability of dollars declines. What else could it do??

I won't compare things to a car full of drunken squirrels driving, BUT..

With all of those trillions of freshly printed dollars suddenly appearing it should be quite clear that the next round of inflation will damage the bottom 90% of us in the USA. And I predict that some portion of those folks will figure out who did it and possibly demand some changes. Through legal and peaceful means, I hope.