$7000 Gold/ guess date

Sounds like the kind of predictions you get when a top is being formed.

Moves of that magnitude would rival or exceed the moves in the 1970's and 2000's which were from depressed price troughs. Anything is possible, but it would seem to be too much too soon.

$7,000 by 2030 and $10,000 by 2035 (2040 ?) seem more doable. But the market doesn't care what I or other experts think, it'll do what it's gonna do.

 

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The obsession with gold is misplaced by both individuals and CB's. Gold USED to be synonymous with wealth and economic growth but that was when we were on a mercantilistic barter system and gold or precious metals/gems gave one the ability to command other goods and services.

Remember....per capita GDP growth was STAGNANT and lifestyles did NOT IMPROVE for multiple centuries until the Industrial Revolution began to lift all boats.

Thinking that you can improve your economic status by accumulating gold is Fool's Gold (pun intended ). Even today, you have bureacratic monstrosities like the EU strangling GDP growth and productivity and other countries thinking they can tariff their way to prosperity.

Bitcoin can go to $1,000,000 or fall to $10,000 -- means zip to me. Unless Saint-Gaudens or Liberty Head DEs or other gold coins were struck in the form of a Bit Coin....I don't care.

 

The UK Telegraph has had a good read on the Russian economy.

Right now, even with the rise in oil prices (and it should be back to the $50's in a few months, Russia is barely getting $45 a barrel. They need $70 to pay for the war and were getting $90 back in 2022.