Why not $100,000 ? Utterly ridiculous.
Sure, why not. Real gold bugs think long term. The reason it is going to $10k is that the inflation adjusted price of 3-4k will be grossly overshot. But that assumes the dollar will not lose value relative to the rest of the world and commodities in general. That is not likely, in the long run the dollar will have to lose 2:1 or 3:1 to reduce our debt to manageable levels. But 10:1 is not out of the question if we rack up the same amount of debt for the next decade or two.