Gold Price Prediction for 31 Dec 2024

[dicker]

Time to get your crystal balls out ladies.

Looking ahead to next year, I invite people to guess the price of gold will be on 31 Dec 2024.

To get the (crystal) ball rolling my best guess is £1710.

Best

Dicker

[GoldDiggerDave]

1717     The gold standard!  

[HonestMoneyGoldSilver]

Oops may have mis-read the year

2024 you say?

It's going to be easily $2500+ or £2000

Edited December 4, 2023 by HonestMoneyGoldSilver
timing

[Tn21]

£1630

[Buttons]

1 hour ago, GoldDiggerDave said:

1717     The gold standard!  

There is some math out there that shows a return to the gold standard would require a rise in the value of gold to something north of £30,000 per ounce.

https://www.forbes.com/sites/toddganos/2013/07/07/is-gold-really-worth-40000-per-ounce/

[GoldDiggerDave]

4 minutes ago, Buttons said:

There is some math out there that shows a return to the gold standard would require a rise in the value of gold to something north of £30,000 per ounce.

https://www.forbes.com/sites/toddganos/2013/07/07/is-gold-really-worth-40000-per-ounce/

I picked it based on Newtons wrongly calculated gold silver ratio in 1717 this effectively created the gold standard 

[Buttons]

I really like the Newton calculation or atleast the idea behind it. Think I am right in saying the current ratio is 66:1 which suggests either gold is a little over priced - or perhaps more likely - that silver should rise by £5 per ounce to catchup.

 

[ZRPMs]

I've signed up for @Pauls 

So I'm hoping we'll have a dip to about £1400 / £1500 just to make the purchase's. But I suspect it'll be around the £1700 / £1800 mark

 

[Stuntman]

£1777.

[Paul]

30 minutes ago, ZRPMs said:

I've signed up for @Pauls 

So I'm hoping we'll have a dip to about £1400 / £1500 just to make the purchase's. But I suspect it'll be around the £1700 / £1800 mark

 

Yay !!! The more the merrier

[ZRPMs]

1 minute ago, Paul said:

Yay !!! The more the merrier

Sorry @Paul I've got a PFP for tonight only. I'm just a Z normally. It's like wearing a disguise. Nobody knows me. TBF nobody probably did.

[James32]

1 minute ago, ZRPMs said:

Sorry @Paul I've got a PFP for tonight only. I'm just a Z normally. It's like wearing a disguise. Nobody knows me. TBF nobody probably did.

Who's dis?

[Muncle]

£1740😆

[Paul]

Ooooooooook ? I'm getting old confused 🤔😕

What have I missed or don't know ???

[JamesH]

£1680

[Aldebaran]

I did consult my crystal ball a few weeks ago £1807 🌞

[GrahamDiamond]

£1746

[dicker]

All sort of in a band so far…

[Gruff]

£4 so I can buy 1650 sovs with the money I'm saving for next December's gold purchase that Paul setup  

On a serious note, I see it has to be higher than now, perhaps £1700ish. Lots of inflation and further currency devaluation. I can see that there will be a pivot on QT, not that there ever really was... so that will then put further inflationary pressure on things. Governments will want to reduce interest rates in an election year to try and win votes as well. Lots of political BS to con voters but it will only support a higher gold price in my opinion.

[MBTPSilver]

December 2024 - I'll say £1,800. Rate cuts in both US and UK should give it a good leg up.

[stefffana]

14 hours ago, dicker said:

Time to get your crystal balls out ladies....

Only a good clean of the crystal balls before reading can give an accurate prediction....just sayin'...

£1725/oz.🤗

[Agaupl]

$2100 mean - 2200 new upper resistance level, USD what ever that will be in £. 

[Upsidedown]

1710

[James32]

5 minutes ago, Upsidedown said:

1710

£1800

Edited December 5, 2023 by James32

[AOB]

1750, but hoping for £1000 to buy more shiny stuff