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Jim Rickards: Why gold at $27,000 isn't such a crazy prospect

Section: Daily Dispatches

By James G. Rickards
Daily Reckoning, Baltimore
Tuesday, May 14, 2024

I've said that gold could reach $15,000 by 2026. Today I'm updating that forecast.

My latest forecast is that gold may actually exceed $27,000.

I don't say that to get attention or to shock people. It's not a guess; it's the result of rigorous analysis.

... Dispatch continues below ...


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Of course, there’s no guarantee it’ll happen. But this forecast is based on the best available tools and models that have proved accurate in many other contexts.

Here’s how I reached that price level forecast…

This analysis begins with a simple question: What’s the implied non-deflationary price of gold under a new gold standard? ...

... For the remainder of the analysis:

https://dailyreckoning.com/27000-gold/

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