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<p>[QUOTE=&quot;GoldFinger1969, post: 8238337, member: 73489&quot;]COULD it happen ?&nbsp; Sure.</p><p><br /></p><p>I think $3,000 is closer to a 50-50 proposition.&nbsp; I think $5,000 is a peak target personally.</p><p><br /></p><p><b>Remember, gold ran up 20-fold in the 1970&#039;s. </b> Unique times, for sure with too many 1-time occurences happening.&nbsp; </p><p><br /></p><p>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.</p><p><br /></p><p>The question is....where does this buying come from ?&nbsp; Only place I can think of is Central Banks and maybe Sovereign Wealth Funds.&nbsp; If $$$ flow out of BTC then maybe that.</p><p><br /></p><p>It can&#039;t be a retail thing unless you get tens of millions globally buying gold.[/QUOTE]</p><p><br /></p>

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