Gold To Hit $2,700 In A Year, $7,400 In 5 Years

https://oilprice.com/Energy/Energy-General/A-Perfect-Storm-Is-Brewing-In-Gold-Markets.html

Figured if it came true I didn't want to bury the story in another thread so I gave it its own.

 

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"Copper, aluminum, cobalt and aluminum?"

"I like aluminum."

 

I prefer aluminium. Better exchange rate!

 

*twitch*

 

Careful. *twitch*'ing can be hazardous.

 

I'm just going to back slowly out of the thread.

Maybe I'll go check the latest prices on platinium.

 

My favorite *twitch* video game...

 

$7400 in 5 years, that's quite a stretch!

 

I have a bridge in . . . . oh, never mind.

 

That would be awesome ! let me consult my crystal ball and I will get back with you...LOL

 

I've sold that bridge many times over. LOL

 

COULD it happen ? Sure.

I think $3,000 is closer to a 50-50 proposition. I think $5,000 is a peak target personally.

Remember, gold ran up 20-fold in the 1970's. Unique times, for sure with too many 1-time occurences happening.

But if you assume gold has averaged about $1,500 the last 5 years then a tripling after basing for over a decade is NOT unreal compared to other asset classes that have tripled in a few years...or months.

The question is....where does this buying come from ? Only place I can think of is Central Banks and maybe Sovereign Wealth Funds. If $$$ flow out of BTC then maybe that.

It can't be a retail thing unless you get tens of millions globally buying gold.

 

Watch out for "Junior" the little ship that always nailed me !!

 

Theres allot money flowing in to BTC, if BTC wasn't around I think a legitimate
evaluation would be at the very least $2,500 and that would be on the low side.

 

Sure...and the demise of Social Security has been predicted "soon" for the last 40 years or more...

 

CNBC gold commentator today.....RBC looking for $2,057 an ounce as early as Q1 '22 (which means the next 4 weeks).

RBC guy says that people are gravitating towards gold...equity market volatility helping feed demand.

 

Want I still have more hold to buy..LOL

 

Want to back up and try that again?

 

...LOL, I still have more to buy..

 

Where is the psychiatrist when you need one, duh!