Gold price predictions.

[Bullioninvester]

What do you guys think the gold price will be in the next couple of years. Will it break through the £2000 barrier soon?

I personally think it will be £2000 an ounce in the next 5 years with the way things our going and the more informed people are becoming regarding the shambles of a monetary system we have. 

[Foster88]

We’ve all asked and thought about this before and it’s purely anyones guess.

My prediction is that it will either go up or go down but never stay the same.

[modofantasma]

11 minutes ago, Bullioninvester said:

What do you guys think the gold price will be in the next couple of years. Will it break through the £2000 barrier soon?

It will go up and down and sideways. I expect it would break £2000 one day. When? Not a clue. 

[MonkeysUncle]

As gold is pegged to the dollar I watch the dollar price. I am short term negative, and I see it down in the 1500-1600 region.

Long term it rises, simple. If you're buying to hold 10 years + then buy. Me, I'm waiting to catch a falling dagger to move a liquidated chunk of my pension in to.

And yes, the spelks from the fence are stuck in my bum!

[Bullioninvester]

32 minutes ago, Foster88 said:

We’ve all asked and thought about this before and it’s purely anyones guess.

My prediction is that it will either go up or go down but never stay the same.

Surly with the rate that fiat currency is being inflated it’s only going to be going up overall in the next couple of years.

[365DaysofSilver]

I definitely see it breaking the £2000 mark within 5 years. I would even say within the next 2 years if inflation keeps rising out of control!

[Bullioninvester]

6 minutes ago, MonkeysUncle said:

As gold is pegged to the dollar I watch the dollar price. I am short term negative, and I see it down in the 1500-1600 region.

Long term it rises, simple. If you're buying to hold 10 years + then buy. Me, I'm waiting to catch a falling dagger to move a liquidated chunk of my pension in to.

And yes, the spelks from the fence are stuck in my bum!

I agree long term and we have history to back us up. We also know people flood to gold in times of uncertainty. 

[Bullioninvester]

Just now, Mothballjim said:

I definitely see it breaking the £2000 mark within 5 years. I would even say within the next 2 years if inflation keeps rising out of control!

Me to. With the housing/stock market struggling gold will be seen as a safe haven again!  

[365DaysofSilver]

4 minutes ago, Bullioninvester said:

Me to. With the housing/stock market struggling gold will be seen as a safe haven again!  

What are your thoughts on silver? Do you invest in gold and silver?

[Bullioninvester]

I’ve read a lot about both and done plenty of research. It is quite staggering when you compare the silver-gold ratio of today compared to years ago and how low silver seems to be. Especially with all the uses for silver in modern technology (especially EVs)

with that said I love gold! 

one saying from a YouTuber I once heard has always stayed with me.

“citizens settle debt with silver and countries settle debt with Gold.”

 

 

[sixgun]

1 hour ago, Bullioninvester said:

What do you guys think the gold price will be in the next couple of years. Will it break through the £2000 barrier soon?

I personally think it will be £2000 an ounce in the next 5 years with the way things our going and the more informed people are becoming regarding the shambles of a monetary system we have. 

£2000 / oz in 5 years - Are you sure there will be a pound Sterling in 5 years?

[LawrenceChard]

3 hours ago, Bullioninvester said:

What do you guys think the gold price will be in the next couple of years. Will it break through the £2000 barrier soon?

I personally think it will be £2000 an ounce in the next 5 years with the way things our going and the more informed people are becoming regarding the shambles of a monetary system we have. 

3 hours ago, Foster88 said:

We’ve all asked and thought about this before and it’s purely anyones guess.

My prediction is that it will either go up or go down but never stay the same.

3 hours ago, modofantasma said:

It will go up and down and sideways. I expect it would break £2000 one day. When? Not a clue. 

It might be more logical to ask how much the pound might come down and whether the value of a pound will get as low as 1/2000 of an ounce of gold.

The two responders above are both making valid points and opinions.

😎

Edited October 6, 2022 by LawrenceChard

[LawrenceChard]

1 hour ago, MonkeysUncle said:

As gold is pegged to the dollar I watch the dollar price. I am short term negative, and I see it down in the 1500-1600 region.

Long term it rises, simple. If you're buying to hold 10 years + then buy. Me, I'm waiting to catch a falling dagger to move a liquidated chunk of my pension in to.

And yes, the spelks from the fence are stuck in my bum!

Gold is not pegged to the dollar, and has not been since the Bretton Woods system fell apart, about 1965.

It is generally priced in US dollars, but fluctuates constantly.

😎

[Midasfrog]

There was a bloke in the pub the other day talking about the value of gold he says its going to drop dramatically maybe as low as £400 oz 

his name was Wonga 😄

[Orpster]

13 hours ago, Bullioninvester said:

I’ve read a lot about both and done plenty of research. It is quite staggering when you compare the silver-gold ratio of today compared to years ago and how low silver seems to be. Especially with all the uses for silver in modern technology (especially EVs)

with that said I love gold! 

one saying from a YouTuber I once heard has always stayed with me.

“citizens settle debt with silver and countries settle debt with Gold.”

 

 

The gold to silver ratio is meaningless when pm's are not used in circulating currency (imo).  I have no idea why silver stackers are so obsessed with it as an indicator silver is undervalued.  

 

[MetalMandible]

3 hours ago, Orpster said:

The gold to silver ratio is meaningless when pm's are not used in circulating currency (imo).  I have no idea why silver stackers are so obsessed with it as an indicator silver is undervalued.  

 

I agree and also believe that short-medium term technical analysis is kind of a joke.  However manipulated metals may or may not be, there are far too many external factors at play to truly be able to predict price action... Unless of course you have a means of seeing into the future.

Edited October 7, 2022 by MetalMandible

[MonkeysUncle]

17 hours ago, LawrenceChard said:

Gold is not pegged to the dollar, and has not been since the Bretton Woods system fell apart, about 1965.

It is generally priced in US dollars, but fluctuates constantly.

😎

Tired and confused brain. I meant to type is priced in dollars.

Ta for correcting. If you can "un-tired" my brain for a small fee I have an angle grinder available to give you access...

[LawrenceChard]

12 minutes ago, MonkeysUncle said:

Tired and confused brain. I meant to type is priced in dollars.

Ta for correcting. If you can "un-tired" my brain for a small fee I have an angle grinder available to give you access...

You're welcome. I often worry I might cause offence!

One needs to be careful when using angle grinders:

https://www.lancashiretelegraph.co.uk/news/23020064.neighbour-hell-caused-gas-blast-killed-two-year-old-boy/

😎

[MonkeysUncle]

I am unoffenable.

Except if anyone takes umbrage to my Shirley Bassey impersonation! 😛

[RoughDog]

6 hours ago, LawrenceChard said:

You're welcome. I often worry I might cause offence!

One needs to be careful when using angle grinders:

https://www.lancashiretelegraph.co.uk/news/23020064.neighbour-hell-caused-gas-blast-killed-two-year-old-boy/

😎

angle grinders don't mind.  tough things those angle grinders.