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<p>[QUOTE=&quot;GoldFinger1969, post: 24868778, member: 73489&quot;]Predictions are fun, but they really are guesswork with gold which is tougher to predict than stocks or bonds where you can at least quantify some of the variables.</p><p><br /></p><p><b>More interesting to me is where gold is going by 2030 and 2035.&nbsp; </b></p><p><br /></p><p><b><span style="color: #00b300">I am on record as saying that $3,000 gold is possible/likely by 2030 and maybe $5,000 by 2035. </span></b> That&#039;s not an unreasonable CAGR from today&#039;s levels.&nbsp; The headwinds of years past are now tailwinds:&nbsp; central bank buying, SWF buying, more retail buyers.</p><p><br /></p><p>If you just focus on global retail demand, per-capita incomes and GDPs are rising so fast in countries like India that government/central bank/retail buying doubles every 10-15 years or sooner.&nbsp; Check out the long-term buying of the Indian central bank:</p><p><br /></p><p>[ATTACH=full]1595656[/ATTACH] </p><p><br /></p><p><b>It doesn&#039;t show but current Indian annual gold demand is about 700-800 tons, or about double what it was in the late-1990&#039;s. </b> And Indian income and GDP should rise much faster the next 20 years than the last 20 years.</p><p><br /></p><p>Gold has been laying about $2,000 for years giver or take a few hundred dollars.&nbsp; It&#039;s a buying opportunity IMO....and the implications will be clear if/when gold moves substantially higher.&nbsp; </p><p><br /></p><p><b><span style="color: #ff8000">You&#039;ll see the herd start to buy gold AFTER we&#039;ve had a few days where it rises $150 or $200 in a single day.</span></b>&nbsp; You&#039;ll see premiums EXPAND HUGELY on gold coins with some numsimatic values; if gold is $3,000 I wouldn&#039;t be shocked to see <b>MS-65 Saints closing in on $4,000</b> (the old 1989-90 Bubble High).&nbsp; </p><p><br /></p><p>Could be a bit less with a narrower premium, but is a 33% premium really outrageous compared to 500-700% decades ago ?[/QUOTE]</p><p><br /></p>

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