Ammaryasser7

Gold buy target 10.000 $ over the next 5 years

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold increased in price From 35$ in 1970 to 870$ in 1979 that’s a 25x increase in price. It then Fell to 250$ in 2001 and from there increased to 1900$ in 2011. That was a 4x increase. From there it fell to 1050 in 2016 and from that time till now it jumped just 1x to 2000$. Based on that rate of increase and the current economic and political events combined with the exponential increase in world population I expect gold to increase from the current price of 1970$ to a minimum of 10000$ over the next 5 years.
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