In October 2023, a prediction was made regarding gold prices that raised some eyebrows. At that time, gold had been hovering near the $2,000 mark but dropped back into the $1,800s. Although some analysts viewed the $2,000 price point as far off, the author boldly claimed, “Gold Will Hit $2,000… Then it Will Hit $3,000 by 2026.” The outcome turned out to be even more dramatic than anticipated, as gold surpassed $3,000 within two months of the inauguration of the new president and is now poised to soar beyond $4,000 before year’s end.
This surge in gold prices is attributed to “the perfect storm for physical precious metals,” also labeled the “Trump Gold Rush.” Key factors fueling this rise include decreasing interest rates—a point repeatedly supported by the president—and a weakening U.S. dollar. Tariffs that favor American manufacturing and domestic energy initiatives are further inflating gold prices, aligning with the president’s policy goals.
Other investment avenues are underperforming in comparison. For instance, U.S. Treasuries are losing their appeal, with the Dow rising just 5% since the inauguration. Even Bitcoin, which enjoys endorsement from the president, has barely budged, increasing less than 10%. In stark contrast, gold prices have surged nearly 40% during the same timeframe.
Current economic uncertainties compound this trend. Factors such as dedollarization, global conflicts, escalating national debt, and inflation are pushing a wide array of investors—from individuals to central banks—toward gold. The driving question remains: Is there any end in sight for this gold frenzy?
While many experts believe that gold will undergo corrections in the near future, an overarching view is emerging among economists that there is no inherent limit to how high this precious asset can climb. For instance, Devlyn Steele of Augusta Precious Metals has made predictions that could prove even more audacious than those initially made by the author. His insights are featured on a recent episode of Patriot TV, where he shares expectations for gold’s trajectory and advises retirement investors to consider transitioning to a gold IRA without delay.
The landscape is changing for gold, and its remarkable ascent reflects both current economic conditions and broader market sentiments. Many stakeholders are keeping a watchful eye as they contemplate their next moves in an evolving investment climate.
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