Gold Price Expected to Surge to $8,900 by 2030, Experts Predict

Vienna – Gold prices, while experiencing recent fluctuations, are poised for significant future gains, according to prominent gold experts Ronald Stöferle and Mark Valek. In their latest "In Gold We Trust" report, presented to journalists on Wednesday, the analysts project a realistic target of $8,900 per ounce for gold by the end of 2030. This forecast, stemming from an inflationary scenario developed in 2020, represents an average annual increase of 14 percent.

“

We are in a bull market, but not in a bubble.

Stöferle and Valek emphasize that the current market conditions indicate a robust bull market, not an unsustainable bubble. They point to the profitability of mining companies, with average costs around $1,700 per ounce and current earnings up to $3,000 per ounce, which is driving industry consolidation rather than speculative acquisitions. Silver is also seen as fairly valued relative to gold, with stable mining output and recent commodity price increases following gold's earlier surge.

“

If the Iran conflict is resolved, it will cause a jump in the gold price.

Beyond precious metals, the report anticipates gains for gold mining stocks, silver, commodities, and notably, Bitcoin. The experts highlight gold's increasing monetary significance as a sanctions-resistant state reserve asset and a reliable store of value for both private and institutional investors. Central banks are also increasingly viewing gold as a means of quiet recapitalization, with some nations actively increasing their reserves.

“

Silver is currently fairly valued compared to gold.