11 New Gold Forecasts Range From $3,000 to $10,000/ozt.

Back in 2021 I posted an article presenting forecasts by 65 analysts on the future price of gold (see here), in February of 2022, (see here) with 9 more and in May, 2022 (see here) with yet another 8 analyst forecasts. This article presents the forecasts of 11 new analysts made in the last few months and they range from $3,000 per troy ounce (ozt.) to $10,000/ozt. over the next few years. 

An original article by Lorimer Wilson, Managing Editor of munKNEE.com (Your KEY To Making Money!)

1. Juerg Kiener: $4,000 in 2023
   • Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile. Source
2. Robert Kiyosaki: $3,800 in 2023; $5,000 by 2025
   • “Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000, silver at $500, and bitcoin at $500,000. Why? Because faith in U.S. dollar, fake money, will be destroyed. Gold & silver [are] God’s money. Bitcoin [is] people’s $. Source
3. Zach Scheidt” $3,000 in 2023
   • ‘Lower rates could trigger a perfect environment for gold to trade up to $3,000 (or even higher).” Source
4. Mike Fuljenz: $2,500 to $3,000+ in 2023
   • “My conservative estimate would put it between $2,500 an ounce and just over $3,000 an ounce but it wouldn’t hurt my feelings to see it even higher, so now is the time to buy gold and silver. Source 
5. Michele Schneider: $3,000-$3,500 by 2024; $5,000 by 2025
   • “Every time we look at the price of gold, we take one step closer to realizing our prediction of the $3000-$3500 price target by 2024 and not ruling out a trip to $5000 by 2025.” Source
6. Nouriel Roubini: $3,000 by 2028 
   • “Gold to rise by 10 percent per year over five years, resulting in a gold price of over $3,000 per ounce by 2028, an overall return of 60 percent.” Source
7.  Jan Nieuwenhuijs: $8,000 to $10,000 (no date specified)
   • “A long-term gold valuation model, which assumes gold will account for the majority of international reserves, suggests the gold price to exceed $8,000 in the coming decade…and if central banks stockpile 51% of their reserves in gold, the price of gold would reach $10,000 per troy ounce.” Source
8. Dominic Frisby: $5,700 (no date specified)
   • “At $1,920/oz gold is a lot cheaper today than it was when it was $1,920/oz back in 2011. It’s a third of the price. To get back to those equivalent levels, assuming no change in the price of the S&P500, gold would have to triple. I like the sound of $5,700/oz gold!” Source
9. Michael Lee: $5,000 (no date specified)
   • “We’re on the cusp of a breakout where gold can go up to $5,000. I think the dollar is getting near its peak. Once you see that dollar reversal, once gold gets above $2,000, you could really see it start to take off…considering the amount of money we print, I have no idea why gold is not above $4,000 right now.” Source 
10. J.C. Parets: $5,000 (no date specified)
    • Parets sees the price of gold bullion heading towards $5,000 a troy ounce. Source
11. Chris Kimble: $3,000 (no date specified)
    • “If/When Gold breaks above $2,000, it will clear the way for a rally towards $3,000. Wow! Stay tuned!” Source

What do you think of the above price forecasts? Have your say in the “Comments” section. Also, if I have missed other analyst forecasts (they must be since the beginning of 2023) please mentioned them below and I will include them in a future article.

gold
silver