I’ve seen some “experts” claim gold will go to between $8,000 & 12,000/ounce. I think one even claimed $20,000/ounce.
How possible and
likely is that?
Some think SFEG will go from about $0.08/share to between $3.00 & $15.00/share.
I’m too much of a novice & layman to make much sense out of such claims.
You have any insights or comments?
$20,000 gold is fantasy, barring manipulation, but usually the manipulation is to drive the price down. People will usually start selling at 40-50% profit, locking in some gains, rather than letting it all ride.
How many of those "experts" then immediately offer to sell you some of their gold?
Yeah, I wrongly or rightly just sold my gold position and barrick gold. Now that the virus is tamed it seems precious metals might fall back again. I think there is a slightly bullish case for gold but not overwhelming case for it.
I’ve seem those targets for the last 20 years. I try not to listen to those any more.
“How possible”
Hyper inflation. But then again 20k might buy you a nice suit as the saying goes.