Expecting gold price (xau/usd) quadruple in ten years. I estimate at least 6500usd. This estimate is for current economic conditions of the world. No one knows what will happen in ten years. Biggest problem with gold price is people buying gold virtually over banks etc., when people start to buy gold physically, it will skyrocket beyond my estimation. They are...
Inflation over %10, gold mining costs per ounce over 1200$, gold used in all technology equipments including space technology. (Not mentioning dwindling reserves.) They are just trying to get gold cheaper but not for long.
I think we're already in recession, it won't take long before regular people and precious metals investors to realize that. Expecting a 🚀 trend for precious metals.
Gold Long, all central banks rising interest rates so we saw a down trend and I think down trend about to end. Problem with the gold is people buying the virtual gold from online banks etc. When economy starts to crumble and when people start to buy the physical gold it will 🚀.
