CRAZY Price Target For Gold You Didn't Expect

Big banks are adjusting their price targets for gold price, and maybe we should too. One of these price targets packs in a strange and unexpected punch, though.

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[Jayjay-nosp]

I wish I was buying gold around 2017-2019 instead of buying unnecessary stuff that didn't last me very long :( you live and learn

[EmmaLuce-fz]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

[togrget]

I'm afraid the days of $1900 dollar gold are long gone..But, if it ever does come back, it will be a great opportunity to Buy..Sounds to me like they're trying to Discourage people from buying Gold More than anything..

[Genebaket]

Went to Walmart yesterday bought over $300 in groceries. Just for a laugh I pulled that out 1 ounce gold eagle that I just purchased earlier that morning. I said would you take this and trade she looked at me says no we have to have American money, sir.

[bigdogs-]

Not to imply you’re insignificance, but I usually listen to you in the background, since I’ve already SEEN your GOLD.
But then, dang you, you had to bring out your DOUBLE EAGLES (I have ONLY ONE of those), and then the Aureus (WISHING I had one of those). So of course the PAUSE button came into play as I ASMR’d the visuals of what was displayed on my 65” OLED. Yeah, I GEEKED out on your Gold ANEW. Anyways. Thanks. Btw, picked up a Swiss Buffalo Gold Bar at Costco with my $700 rebate checks. Got Gold for under $2K. I Wanted to make those $700 rebates hold its value instead of buying crap with it. STACKON!!!

[AliKhan-bufp]

Bankers always try to scare people away from gold because its appreciation is a lose lose proposition for them

[FrdLf]

Gold has been undervalued for to long, its just catching up now and still has more upside. Gold under 2000 will never happen again, those prices are gone forever.

[bo_dink]

All signs point to going forwards in gold not backwards. More likey to hit $5, 000 than $1900.

[markh]

I’m afraid that gold falling below $2K/oz is not going to happen. But if it does, then I will be going shopping.

[davidylyl]

Very good analysis and reporting as usual, sir. Gold to 1900 would require a strengthening of the USD that is just not possible given the upward debt spiral caused by our debt's interest - seems like pretty simple logic to me, 2.

PS: Some of us would love to see more of your pew-pew collection - just sayin'...
😊

[cornelius]

I think gold is going to pull back to $2, 550.00 then all the way up to the big 3 in time for Xmas

[Verde_Valley_AZ]

Had 12k sitting in crypto. Got out this week and cashed out. So after taxes and paying the exchange to cash out have around 6k left.
Put half into buying silver and half into buying gold.

[CDMaclintock]

I foresaw these Economic/Financial issues coming, so I bought a good amount of Gold & Silver mid last year,
and it's worth $43, 000 MORE (today) than what I paid for it !!!

[Brian-fpbe]

I would love to see $1, 600 gold again! The only problem is I'm pretty sure I would have already used up most of my dry powder buying it up around $2, 000! Hoping for a decent pull back. Ready to go in BIG.

[paladinfx]

What do you think about the fact that Gareth Solway in the last few days was alerting people to the fact that on the historical logarithmic chart of the gold price, gold is now up against the long-term trend line drawn across the top of the previous two peaks? My background is in fund management and technical trading and I won't be surprised to see a short-term pullback in the gold price from this key point on a logarithmic chart. Don't get me wrong, I'm long-term bullish on gold just like the majority here. I'm just saying there will be a certain type of gold trader who will use the log chart as their reasoning for taking profits on their gold position at these prices and a technical retracement could result from that. Not even gold can go straight up in the trading world so if we get a little retracement that's all fine by me, that's just a buying opportunity in my book! :)

[jplacroix]

"Hemlock in your evening meal" too funny...thanks for your great videos.

[magicman]

The only thing rising faster than gold is my florida homeowners policy 😂😂😂😂..😢😢😢😢

[jhi]

Yo 2 is that good looking knife an edc or collectible?

[TheQuickSilver]

I doubt we'll ever see sub $2000 USD gold. If it ever does get there you can bet I'll be buying all that I can. If we're living in reality I fully expect more strong upward movement for gold. The USD (and ll other currencies) are weakening in comparison

[MaxEvans-czno]

I haven't bought any gold since about the $2000 level and even then I was questioning my decision. At these levels I'm not a buyer but that doesn't mean I think it will necessarily crash either--I just don't know. I've been through several situations where everyone was enthusiastic about a particular investment and they always said something along the lines of "This situation is different than before, fundamentals have changed forever". Then said investment absolutely tanks. That may not happen in this case, but too many people are saying gold is going to go up forever and are buying bars at Costco for the first time and are suddenly commodities experts.