Thank you for your excellent question. I do not pretend to have a crystal ball, nor am I going to make any gold price predictions in this answer.
I’ve invested in gold for decades and have been in this industry for well over 10 years. During that time, I heard many gold price forecasts. Some gold bugs argued that the price was due to climb to $10,000 or more. A number of gold bears and deflationists were predicting gold’s return to as low as $300.
Ever since the gold bear market of 2011 started, many analysts, including some people I have a lot of respect for, have predicted that gold would drop below $1,000.
None of those predictions have come true.Read More