I would agree that gold is going to around $500 if...
Governments around the world didn’t have insane debts that can never be paid back.
We have never been here before with governments (to include America) with debts 100%+ GDP.
Default on the city/state and national stage is coming.
Many “paper” assets are going to wiped out or confiscated.
We keep hearing on these threads about how the dollar is worthless and T-bills are trash. I keep volunteering to come over and haul them away for free but I never get any takers. Seriously, we know that most gov't debt is safe because safety's not the problem. Reason I got no use for T-bills is there's no return there, almost as bad as precious metals imho.