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It took 38 years for gold to rise from $35/oz to $1,000/oz. Then it took 12 years to rise from $1,000/oz to $2,000/oz in 2020.
It only took 4 years to go from $2,000 ~~~> $3,000 Source: CEO Technician, Bloomberg
Gold could reach $4,000 over the next year+, according to a forecast by Goldman
Goldman Sachs now sees gold prices to hit $3,700 by the end of 2025. In the most extreme scenario, the bank sees gold prices to spike to $4,500 by the end of the year. Source: Markets & Mayhem
This is a fascinating chart for anyone looking at the gold-to-silver ratio in a historical context - courtesy of Otavio (Tavi) Costa.
Over the past 125 years, the ratio has only spent brief moments above the 100 level — extremes like this tend not to persist for long... Source: Tavi Costa, Crescat Capital
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