Wednesday , 21 October 2020


Gold

The Road To $10,000 Gold: What Could Unfold Over the Next Few Years

My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever but I hope it will never be achieved. When gold goes to $10,000, It will not just reflect inflation and falling currencies like in the 1970s but a much more serious or even catastrophic situation both in the U.S. and globally so let’s look at a potential scenario for the next few years. This is obviously not a forecast but more of a rough sketch of what could happen:

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