$3,000 Gold Price Forecast from Merrill Lynch/BOA

I don't know where the next $400 is, up or down.

But I do know where the next $1,000 is !!!

 

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Nightmare scenario Trump puts US$ back on Gold Standard/ gold would go too 55K an oz.
That would really put a wrench in my fav. hobby. AV coins would be unaffordable. My collection would stay at 1450

 

Always looking up

 

55k an ounce? Bring it!

That being said, some really terrible things would have to happen for it to get that expensive. But who knows, nobody imagined bitcoin would touch 100k, it has no tangible value other than digitally coded currency.

 

Your stated "fact" may be an "opinion", not shared by many of maybe greater knowledge! JMHO LOL!

 

I have no idea where you are going with that? Our currency would have to become as bad as Venezuela's fiat currency to suddenly jump from 3k gold to 55k in a short amount of time. I traveled there 30 years ago and the things you could buy for a US dollar was staggering. It would take rampant hyperinflation to get to 55k gold in 5 years or less.

 

Iam all in on that

 

C'mon Guys, that Gold pricing shouldn't even be considered, much less discussed even as a joke, based on reality!
The poster made 2, I believe ridiculous statements: "NOBODY imagined bitcoin would touch 100k", and "it has NO tangible value other than digitally coded currency"!
Both have been proven incorrect, and if he had followed my suggestions, these conditions are being objectively discussed as stated, and considered by the courts.
We can't allow ABSOLUTE STATEMENTS to be expressed by one who appears with limited faculties, without a challenge.
I can't disprove the potential of $55k/ounce, but as a gambler I'm willing to consider a large PM bet! I often entertain/win, as to anyone realistically discussing 55k. Gold.
Heirs would love receiving my winnings from your estate. JMHO LOL!

 

The "55K gold price" was result of President Trump statement that he thought backing the US currency with gold standard was a good idea. Economists immediately jumped on that as crazy, since gold would jump to 55K @ oz. or more. The President has floated many trial balloons.....
Then again,had the US kept minting AV coinage in 1934 to present, the US Dollar would be worth a LOT MORE in 2025. From 1850-1933 a Twenty Dollar or Double Eagle kept its value....for 83 years. How much has it inflated since 1934

 

Newsletter pundits competing for eyeballs make outrageous claims. Water is wet.

 

don't you just love a nice constructive conversation

 

LOL.......... Ozzie Osborne wrote a song to this affect, going off the rails on a crazy train.

 

Knowing what to buy, and when, with acquiring Gold PCGS/NGC 70 Proof Eagles has been one of the greatest challenges of my life, but has been so enjoyable!

Offerings on the internet have been unrealisticly insane, but I search constantly, and when someone offers at a reasonable "Buy It Now" price, it's mine, as buyers today are generally waiting for something better!

The pickings are quite slim, only a ICG MS70 was acquired this week, but last week I bought both a PCGS 2015-W and a PCGS 2011-W PR70DCAM!

I actually have been teaching young males the advantages of saving more Fiat to
acquire my Gold Eagles at less than my purchase price, and appreciably less than market price, with a full return listed price guarantee label on the slab.

I've done this for many decades, without a return! LOL!

 

Spot gold hit an all-time high of $3,004.86 earlier today, so that $3,000 price forecast has been slapped around like a redheaded stepchild!

 

Maintaining that level is going to be key, lost a little of steam as of this post
$2986 still not to shabby

 

No Gold Standard coming back. Not feasible.

But gold IS going higher.

 

Wages and prices were flexible up to WW I. They have NOT been since, which is what the Federal Reserve System was designed to counteract.

I have done extensive readings on the history of the Gold Standard...how it worked...how it DIDN'T work...The Great Depression....etc.

Lots of new research including the role of French Central Bank and French people hoarding being a newly discovered factor in the 1920's and 1930's global economy. Check out Barry Eichengreen's stuff.

 

From RBC, talking about the relationship between Gold ETFs and the price, which have disconnected the last 2+ years.

"...Investor flows in gold as measured by ETP holdings have been on quite the journey over the last handful of years. For much of the existence of gold-backed ETPs (which began in the early 2000s), holdings (measured in oz or tons) largely moved with prices. If gold prices rose, so would flows into ETPs and vice versa. This is what we view as the normal relationship — as the same factors that drive gold prices higher tend to lead to investment in gold (with the same being true in the other direction). We do not view ETP flows as drivers of price, and in fact tend to think of flows as price driven, although overall, they do simply tend to move together in a “normal” world.

However, towards the end of 2022, we started to see a breakdown in that relationship. Gold prices had started gaining steam yet ETPs were losing tonnage. It’s difficult to overstate how much of a shift that was, and it lasted much longer than we expected. For much of the rally in gold prices that began several years ago, ETPs were losing tonnage. Our best explanation was that investors were more focused on pursuing investment gains elsewhere. Instead of keeping their gold exposures flat in percentage terms, they mostly did so just in nominal terms. When coupled with gold’s price gains, that meant selling gold ETPs, monetizing gains, and deploying those gains elsewhere. One need only take a cursory glance at the S&P 500 from late 2022 onwards to get an idea of where that investment was likely being deployed.

Thus, even as gold was gaining rapidly, from late 2022 through early 2024, AUM was much more stable than prices. While 2024 onwards saw some stabilization in ETP flows, flows were still not as responsive to prices as they once were. We view this period as perhaps a partial normalization where more investors were interested in participating in the gold story. Most recently we have seen more interest in gold, anecdotally, given the all-time highs reached, and in the data. We argue that the jump in holdings seen recently is mostly attributable to risk-off lows, and that risk-overlay allocations will continue to layer into gold over the course of the year. While we do not think a return to the “normal” is in the offing, we’d suspect more normal behavior in 2025 than seen over the prior two years.

Additionally, while investment in developed market listed gold ETPs (i.e., in the North America and Europe) continues to dominate outstanding AUM, we have seen a notable jump in ETP flows in Asia on a relative basis. Geographies historically thought of as consumer markets focused on jewelry, bars, coins, etc., like China and India have seen a relatively rapid increase in investor interest. While on a total ton basis it may not be game changing for ETP flows, the nascent “investorization” of Eastern gold markets does provide a supportive tailwind to total ETP flows. In 2024, Asia’s 78.4t of inflows helped to almost offset Europe’s 97.9t in outflows when coupled with inflows elsewhere. So far in 2025, the inflow into European listed products has been the standout. Additionally, recent news that major Chinese insurance companies would be allowed to hold up to 1% of their AUM in gold adds to this theme. While this is early days and relatively small numbers in the grand scheme of gold investment, it is yet another reason to be positive on long-term investment demand for gold.

Overall, we think investors should be supportive on the downside and believe that even though ETPs and prices may not realize their historical normal relationship, that priceresponsive buying on dips and periods of consolidation will allow for layering into gold allocations over the course of the year. There is a lot of ground to cover for ETPs in the coming years."

 

"AUM" is assets under management, "ETP" is exchange-traded product? Had to Google for those...

 

Yes...basically ETP = ETFs, just covering some other products with variations of an ETF added on.