These 44 Gold Analysts Provide Specific Forecast Dates

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Any "analyst" can suggest that gold is going much higher but less than 50% provide specific dates as to when their predictions will be realized. The forecasts of those 44 analysts from this year out to 2032 and beyond, are provided in this article.

In 2023

  1. Mike Fuljenz: $2,500 to $3,000+ in 2023
    • “My conservative estimate would put it between $2,500 an ounce and just over $3,000 an ounce but it wouldn’t hurt my feelings to see it even higher, so now is the time to buy gold and silver. Source 
  2. Ole Hansen of Saxo Bank: $3,000 in 2023
    • "Not only is the Fed expecting to end its tightening cycle, 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 in 2023." Source
  3. Zach Scheidt: $3,000 in 2023
    • ‘Lower rates could trigger a perfect environment for gold to trade up to $3,000 (or even higher) within the next year.” Source
  4. Juerg Kiener: $4,000 in 2023
    • Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile. Source
  5. 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
  6. Robert Kiyosaki: $3,800 in 2023
    • “Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000, silver at $500, and bitcoin at $500,000. Why? Because faith in U.S. dollar, fake money, will be destroyed. Gold & silver [are] God’s money. Bitcoin [is] people’s $". Source
  7. 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 sometime between 2023 and 2025. 
      • Average Forecast For 2023: $3,217/ozt. 

In/By 2024

  1. Brian Lundin: $3,000 by 2024
    • "I think we’ll set a new record in real terms, exceeding $3,000/ozt., by 2024, or so." Source
  2. Lawrence Lepard: $3,000 by mid-2024
    • Lepard“is betting that gold hits $3,000 by mid-2024. Source
  3. Michele Schneider: $3,000-$3,500 by 2024
    • “Every time we look at the price of gold, we take one step closer to realizing our prediction of the $3000-$3500 price target by 2024 and not ruling out a trip to $5,000 by 2025.” Source
  4. Jordan Roy-Byrne: $4,000 by end of 2024
    • "Gold will hit my $4,000 target by the end of 2024." Source
  5. Victor Dergunov: $5,000 by 2024
    • "Gold at $5,000/ozt. in 3-5 years seems plausible, and it is likely to continue to go higher after that." Source
  6. 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 
      • ​​​​​​​Average Forecast For 2024: $3,500/ozt. 

In/By 2025

  1. Trevor Gerszt: $3,000 by 2025
    • Gerszt believes the prospect for $3,000 gold by mid-decade is not outlandish. Source
  2. Kirk Spano: $3,000 to $5,000 by 2025
    • "$3,000/ozt. mid-decade [with] upside potential to $5,000 per troy ounce." Source
  3. Jeff Clark: $3,000 to $10,000 by 2025
    • "Potential high: $3,000 to $10,000 per troy ounce by 2025." 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. Dan Popescu: $5,000 by 2025
    • "Gold price could break above $5,000/ozt. by 2025." Source
  6. Ralph Wakerly: $5,000 sometime between 2025 and 2028
    • Believes gold could easily reach $5,000/ozt., maybe more, sometime between 2025 and 2028. Source
  7. 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
  8. 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 sometime between 2025 and 2030.” Source
  9. Gov Capital: $8,531 by 2025
    • "2025 gold forecast: $8530.74/ozt." Source 
      • ​​​​​​​Average Forecast For 2025: $3,217/ozt.

In/By 2026

  1. Jim Sinclair: $50,000 by 2026
    • 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. Avi Gilburt: +$25,000 by 2026 or later
    • "I think the math shows gold futures can, and will, surpass $25,000 by 2026 or later." Source
  3. Briton Hill: $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 , we could easily see...$20,000 gold sometime between 2026 and 2031." Source 
      • ​​​​​​​Average Forecast For 2026: $31,667/ozt. 

In/By 2027

  1. 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 2027. Source
  2. Chris Vermeulen: $7,400 by 2027
    • Gold is set to hit $2,700 an ounce in 2023, and go up to $7,400 by 2027.  Source
  3. Leigh Goehring: $10,000-$15,000 by 2027-28
    • “Our target is between $10,000-$15,000 per troy ounce.,,[by] 2027-28.” Source

In/By 2028

  1. Nouriel Roubini: $3,000 by 2028 
    • “Gold to rise by 10 percent per year over five years, resulting in a gold price of over $3,000 per ounce by 2028, an overall return of 60 percent.” Source
  2. Investors Alley: $3,000 -$10,000 by 2028
    • "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. by 2028." Source
  3. 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 - sometime between mid-2028 and the end of 2029." Source​​​​​​​
      • Average Forecast For 2028: $8,667/ozt. 

In/By 2029

  1. 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 by the end of 2029 given how much cash will be potentially put into the economy.” Source
  2. David Morgan: $5,000 by 2029
    • "Gold could hit $5,000/ozt., by 2029 especially as the greenback loses purchasing power." Source
  3. Charlie Morris: $7,166 by the end of 2029
    • "A bullish target of $7,166/ozt. by the end of 2029 is both logical and plausible."  Source​​​​​​​
      • Average Forecast For 2029: $5,055/ozt. 

In/By 2030

  1. Thomas Kaplan: $3,000 to $5,000 by 2030
    • "Gold prices could rally as high as $3,000 to $5,000 per troy ounce by 2030." 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. by 2030, 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. 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 2030. 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
  4. 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
  5. AG Thorson: $7,500 - $10,000 by end of 2030
    • "We expect gold to reach $7,500 – $10,000 per troy ounce by 2030." Source
  6. 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
      • Average Forecast For 2030: $8,383/ozt. 

In/By 3031

  1. GoldPriceForecasts.com: $4,000 in 2031. Source

In/By 3032 and Beyond

  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 by 2032 [as well].” Source
  2. Frank Barbera: $20,000 to $50,000 sometime between 2032 and 2037
    • Barbera sees potential for gold to go as high as $20,000/ozt. or even $50,000 ozt. sometime between 2032 and 2037. Source
  3. Pierre Lassonde: $25,000 by 2049
    • Lassonde says gold could hit $25,000 by 2049. Source
      • Average Forecast For 2032 & Beyond: $26,667/ozt.

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