Author Topic: Will gold hit $4,000+ An Oz. by 2027?  (Read 2376 times)

Offline JohnyMac

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Will gold hit $4,000+ An Oz. by 2027?
« on: March 12, 2024, 11:09:49 AM »

Who has been paying attention to gold of late? As you can see on the above chart it exceeded $2,181- an oz. recently.

Martin Armstrong predicts gold will hit $2,300- an oz. by year end and settle in the $2,250- per oz. region.

History shows us that gold climbs like it is when war is just over the horizon or when the economy is about to reset. We saw this in the following years,

< 1930-34 +129%, (Post collapse of the stock market of 1929)
> 1971-74 +169%, (1971 the dollar was not backed by gold)
> 1976-80 +203%, and (Years of greatest inflation)
> 2001-11 +112%.  (Dot bubble and real estate collapse)
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

Since January 2023 till today, we have seen a 15% increase. Nothing like we saw over the previous 77-years at an average of 108%. Keep in mind though, the typical average of highs and lows was four years (2001-11 there was two small dips then increases) so in theory, 2023 till 2027, we could see a $4,000- PLUS an oz. for gold.

Remember, gold should not be used for investing. It should be used for holding wealth. It should also be used as a hedge against inflation.

Stay tuned,
 :popcorn: 
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Offline grizz

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Re: Will gold hit $4,000+ An Oz. by 2027?
« Reply #1 on: March 12, 2024, 12:33:51 PM »
If I happen to come into a few oz of gold in that time frame it is most likely the price will drop, just my luck  :lmfao:
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Offline JohnyMac

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Re: Will gold hit $4,000+ An Oz. by 2027?
« Reply #2 on: March 12, 2024, 12:45:54 PM »
Grizz,  :lmfao: I have the same luck.  :cheers:
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Offline Sir John Honeybucket

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Re: Will gold hit $4,000+ An Oz. by 2027?
« Reply #3 on: March 12, 2024, 01:00:44 PM »
I used to have a fair stack of gold and silver, then I got married... :word:
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Offline grizz

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Re: Will gold hit $4,000+ An Oz. by 2027?
« Reply #4 on: March 12, 2024, 04:52:37 PM »
I used to have a fair stack of gold and silver, then I got married... :word:

Get divorced and see how much you have left  :faint:
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Offline pkveazey

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Re: Will gold hit $4,000+ An Oz. by 2027?
« Reply #5 on: March 12, 2024, 04:55:04 PM »
I follow the Gold and Silver prices everyday. I do that because I'm an idiot and a Silver Stacker. I don't know why I bother following the prices because it's actually a matter of, "What will an ounce buy?" I know why I stack Silver. It's because our fiat currency system is about to collapse and all through history, Gold and Silver always become money when the fiat currency systems crash and burn. I often laugh at our politicians when they get in front of a camera and act like they have a brain. Hell, they don't have any brains at all because they allowed our money to become fiat currency and the politicians that followed after them let the system continue. Then they spend "OUR MONEY" like a drunk sailor on shore leave. Then they have the unmitigated gaul to tell us how much they are doing for us. The SOB's from both sides of the aisle spend money that we don't have and actually believe that there is no end and no consequences to pay. They act just like criminals who think they will never be caught. I actually had a friend ask me why I didn't become a politician and I told him that becoming a politician was like diving head first into a swimming pool full of shit. Now, getting back to what Gold and Silver will buy. Think about this.... An ounce of Silver will buy you about the same amount of Gasoline today that an ounce of Silver would buy in 1950. The purchasing power of Gold and Silver hardly ever change. Before the Federal Reserve took over our country in 1913, a laborer made about $1 a day and a well paid job was about $2 a day. Before 1913, there was no such thing as inflation. I remember when I was a small child about 1950 and my Father made anywhere from $15 to $25 a week and that was lower middle class. Rich folks made anywhere from $25 to $50 a week. In 1965, I thought that $10,000 a year was a goal that I would never reach. Hell, when I retired in 2002, I was making $4,500 a month before taxes. Today, 22 years later, $52,000 a year is only a decent wage.
« Last Edit: March 12, 2024, 04:59:57 PM by pkveazey »

Offline Sir John Honeybucket

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Re: Will gold hit $4,000+ An Oz. by 2027?
« Reply #6 on: March 12, 2024, 05:11:42 PM »
"Get divorced and..."

BT&DT, which is why I no longer own the Colorado mountain home &etc. However, it was TOTALLY worth it, because after I heard those high heels tik, tik, tiking away for the LAST TIME, life improved tremendously. Now back to pre-assembly for the new, vertical antenna (DX Commander, Classic) . Should help for longer distances than my low dipole.


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Prepper or Survivalist ?

A Prepper keeps survival rations for his pets.

A Survivalist  keeps pets as survival rations.