Gold likely to be at $3,000 in 2025? Time to buy?

[marylander1940]

Op note: how much, where to keep it., insurance, where to sell it?

Should be part of your investments and fortunately Ebay allows you to sell it directly to someone else but at a 10% selling fee.

 

Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out

WWW.CNBC.COM

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There's an off chance that gold prices could soar to $3,000 per ounce, and oil to surge to $100 per barrel within the next 12 to 18 months, says Citi.

 

[+ augustus]

Traditionally, they say hold 5% of your net worth in gold.  It protects against runaway inflation and war.  As far as the present price ($2400/oz as I write this), a historical measure makes it overvalued.  Gold is supposed to protect you against the depreciation of paper money.  Gold was $35.00 an ounce in the 1930's.  If you track that to the CPI since the 1930's, gold should be about $750.00 an ounce today.  It's 3 times that today.  It doesn't mean it won't go to $3,000/oz but right now it's expensive relative to the long-term depreciation of the dollar caused by inflation.  I don't know what to tell you.

In the late 90's and early 00's, it fell to below $300 an ounce and below the trend line.  

Edited April 16, 2024 by augustus

[Kevin Slater]

I don't like holding  very much gold.  It produces no income and in fact takes money to store and secure (even if in the form of an etf).

Kevin Slater

[marylander1940]

On 4/16/2024 at 3:53 AM, Kevin Slater said:

I don't like holding  very much gold.  It produces no income and in fact takes money to store and secure (even if in the form of an etf).

Kevin Slater

Depends on how much you're storing.

Most folks simply buy gold coins and hide them. 

Best Places to Hide Gold and Silver at Home

GOLDSILVER.COM

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Conceal your precious metals from theft with our tips and suggestions for hiding gold and silver bullion in the living room, kitchen, bedroom or garden.

Obviously let's avoid places like flour and pasta containers, mattress, sofa, etc.

I've heard a hollow baseboard would be a great choice or just bury it in the garden under a specific plant...

Edited April 18, 2024 by marylander1940

[TonyDown]

I used to sit on the couch with Dad and watch Louis Rukeyser on Friday night. 

Rukeyser would tease about the Gold Bugs, investors that never let go of their recommendation to buy gold. 

He teased about a lot of things.  A clever fellow.  

Young folk are interested in crypto more than gold.  I wonder what Rukeyser would think about our modern investing landscape.   

 

[MikePDNA51]

Gold is the easiest investment. Gold increases in value when 1. All other investments decrease in value. 2. There is nothing else to invest in besides gold.

Whenever the stock market crashes gold goes up in value. Look at visuals on Google finance. I can always feel gold as a worthy investment by inhibition and news.

[+ FrankR]

17 minutes ago, MikePDNA51 said:

Gold is the easiest investment. Gold increases in value when 1. All other investments decrease in value. 2. There is nothing else to invest in besides gold.

Whenever the stock market crashes gold goes up in value. Look at visuals on Google finance. I can always feel gold as a worthy investment by inhibition and news.

Are you thinking physical gold (like coins) or GLD? 

[Kevin Slater]

1 minute ago, FrankR said:

Are you thinking physical gold (like coins) or GLD? 

GLD has the highest expense ratio of all the Gold ETFs at .4%.  GLDM, for example, is .1%.

Kevin Slater

[edinbrooklyn]

On 4/16/2024 at 3:53 AM, Kevin Slater said:

I don't like holding  very much gold.  It produces no income and in fact takes money to store and secure (even if in the form of an etf).

Kevin Slater

As a core “investment” residential real estate (my home) has been really solid over a number of decades and you get the benefit of living there. I don’t understand gold the way I do real estate or stocks. And gold has been through wild swings. 

[Frequentflier]

On 5/16/2024 at 11:22 AM, MikePDNA51 said:

Gold is the easiest investment. Gold increases in value when 1. All other investments decrease in value. 2. There is nothing else to invest in besides gold.

Whenever the stock market crashes gold goes up in value. Look at visuals on Google finance. I can always feel gold as a worthy investment by inhibition and news.

Interesting graphs (you can change periods) for S&P 500, Dow Jones, Gold and Silver. Gold and Silver = major failures.

[MikePDNA51]

Kinross Gold Corp (KGC), major managers probably took money and left, so look at company a little more.

 

i see gold possibly going higher. Look at Kinross Gold Company, they did extremely well when economy crashes when gold was high. Japanese economy crash was expected, old population and smart people leaving. Did not figure out how to bet against Japan because was focused on other parts of life.  There are lots of gold advertisements kinda growing, so might be got time to buy. I would sell at $10.33. 
 

im no oráculo   

[marylander1940]

Gold prices hit $3,000 for the first time as investors push the panic button | CNN Business

WWW.CNN.COM

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Gold prices reached $3,000 an ounce for the first time in history Friday, boosted by demand for safe-haven assets as investors fret about President Donald Trump’s tariffs...

 

[TonyDown]

Over a week ago Jim Kramer said Gold is over bought, on his Mad Money show.  Since then it has come down a bit from the peak.  One might wonder how he knows when Gold is over bought.  😗   

YTD, it's got Bitcoin beat by a lot!!  Some folks claim Bitcoin and Gold are similar type assets.  Probably the bitcoin folks, right?  I'd prefer Gold.   But own neither.

[jayjaycali]

On 4/28/2025 at 3:06 AM, TonyDown said:

when Gold is over bought.  😗   

RSI for GLD?  I guess it's on the high side?  

[BeamerBikes]

There was a Monopoly slot machine that had old Uncle Pennybags occasionally exclaiming - “Gold never gets old”. I flirt with the idea of gold as an investment, but then Warren Buffet words about investing in 100ounces of gold versus 100 acres of farm land - in 10 years the farm land would have produced something for society.  One day I might buy a coin or two but it will be more to look at/admire than serious investment. When shit truly hits the fan, you can’t eat gold. 

[marylander1940]

GOLD PRICE FORECAST 2025, 2026, 2027 AND 2028 - Long Forecast

LONGFORECAST.COM

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Today updated Gold price forecast and predictions for 2025, 2026, 2027, 2028, 2029. Gold forecast for every month in tables. XAU to USD outlook. Gold forecast for...

I guess it's not too late to jump in and buy more!

[Lotus-eater]

 

[hungry4darkmeat]

Gold is like land. God isn’t making any more than there already is so it will inherently always go up in value over time.

[+ Vegas_Millennial]

On 6/6/2025 at 4:24 PM, hungry4darkmeat said:

Gold is like land. God isn’t making any more than there already is so it will inherently always go up in value over time.

Good analogy.  Just remember all the land owners who bought in '05/'06, and then tried to sell anytime before '20.  They would have taken a huge loss.  (Exact dates vary by location.  Some places took less time to recover, some more).

[+ FrankR]

On 6/6/2025 at 7:24 PM, hungry4darkmeat said:

Gold is like land. God isn’t making any more than there already is so it will inherently always go up in value over time.

I hate to disagree. 🤓

https://www.bbc.com/future/article/20250320-how-close-are-we-really-to-mining-asteroids

[+ FrankR]

1 hour ago, Vegas_Millennial said:

Good analogy.  Just remember all the land owners who bought in '05/'06, and then tried to sell anytime before '20.  They would have taken a huge loss.  (Exact dates vary by location.  Some places took less time to recover, some more).

“The money in real estate is made at the buy. If you over pay…” Advice from a rich old man that I considered a mentor. 
https://www.marketwatch.com/story/citi-forecasts-golds-last-hurrah-as-it-says-prices-may-fall-as-much-as-25-next-year-9c1e73ce

[hungry4darkmeat]

22 hours ago, FrankR said:

I hate to disagree. 🤓

https://www.bbc.com/future/article/20250320-how-close-are-we-really-to-mining-asteroids

Fair enough- but for the moment my point stands. As for those who overpaid for their houses and ended up under water, it was pretty obvious that the entire market was over valued when they were practically giving away mortgages and houses to people who were in no position to understand the terms or the volatility of both the housing and job markets.

that said, had they been able to hold on to their properties they would now be enjoying the financial benefits of the housing market rebound that came with the pandemic and would still be much better off financially than if they had rented that whole time.

[+ Vegas_Millennial]

On 5/16/2024 at 12:36 PM, edinbrooklyn said:

I don’t understand gold the way I do real estate or stocks

This 👆

Only invest in what you understand.

[Lotus-eater]

On 6/20/2025 at 5:59 PM, hungry4darkmeat said:

 had they been able to hold on to their properties they would now be enjoying the financial benefits of the housing market rebound that came with the pandemic and would still be much better off financially than if they had rented that whole time.

No, they wouldn't. E.g., if a renter in Los Angeles County in 2004 invested in the S&P 500 the equivalent 20% down payment of someone who bought the median house ($400K in 2004), i.e. invested about $80K in stocks, and invested the savings from renting each year (which was lower than the cost of owning) over the next 20 years, the renter in 2024 would have about $829K in his stock portfolio while the homeowner would have only $700K in equity (assuming a 30 year mortgage).

Edited June 26 by Lotus-eater