It is time to ring in the new year and the new decade. Will the next 10 year be a glittering decade for gold or will the bulls stomp on the yellow metal’s hopes and dreams?
One financial expert thinks gold is going to double sometime in the 2020s.
Paul Schatz, Heritage Capital president, told Yahoo! Finance that gold prices will surge to $2,500 and eventually $3,000 in the 2020s.
“I think gold’s going to $2,500, $3,000 an ounce in the 2020s because the climate — the landscape for gold is so hugely supportive,” he said.
While Peter Schiff has been saying gold prices will reach $5,000, Schatz’s conservative estimate is a bit more realistic and far more likely.
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