They don’t go higher, they go much higher. Rick Rule, one of the most successful fund managers in the resources space: “Higher gold prices is a when question, not if. Other analysts, especially those who work in the industry, are more positive about gold in 2022.Īgain, gold ended 2021 at $1,805, and here’s where they think the price is headed, along with some of their comments…įrank Holmes, US Global Investors: “The yellow metal definitely isn't at the right level given factors like negative real interest rates and the huge amount of money printing from G7 nations.” He also points out that since 2000, “Gold has been up 86% of the time on an average annual basis.” I’ll also note that banks are generally very conservative, and have frequently been incorrect about gold. One thing that stuck out about most of these predictions, though, is that most are based on one factor, which ignores a plethora of other catalysts. Various reasons were given as to why they’re bearish, the most common ones were related to rising interest rates and their belief that inflation will fall (wait till you see below, though). Gold ended 2021 at $1,805 per ounce here’s where they see the price going from there. Surveying the landscape, I found several banks that predict lower prices for gold in 2022. This will be fun, so let’s jump in! Gold Price Prediction Chart I’ll conclude with the probable prices I see based on those factors, as well as some long-term projections. I’ll look at both the bear and bull case, and then examine the individual factors that are likely to have the biggest impact on gold. So while we take predictions with a grain of salt, let’s look at what might be ahead for gold (you can look up the gold price here) in 2022 and the next 5 years.
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It can solidify why one has invested, point to factors that may have been overlooked, or even cause one to revise their expectations. “Interest rates will rise so gold will fall.” That’s not even an accurate statement, let alone a sensible prediction (it’s the real rate that matters to gold).īut there is value in considering predictions. There are so many factors, so many ever-changing variables, that even the experts usually miss the mark.įurther, some forecasters base their predictions on one issue. Most price forecasts aren’t worth more than an umbrella in a hurricane.