20 Years from Now: Gold at $12,000 & Silver at $1,000?

Should both gold and silver bulls & bears take a long winter sleep?

Maybe.

When we look at silver prices from 1985 to today (green line in the chart below) and compare the evolution to the one from 1967 to 1974 (black line in the chart below), we can see a very similar pattern. If price would continue to track this pattern, it could mean that silver has just entered a 20 years lasting winter sleep. In the meantime, it would trade between $20 and $50, before taking off again in 2032… From then on, it could gain over 2,000% to reach nearly $1,000.

A similar pattern can be observed in the price of gold, although the time scale is slightly different. Gold would drop towards $1,000 in 2015, before taking off to about $12,000 by 2025.

 

Why the hell would gold drop towards $1,000 per ounce by 2015, while all the fundamentals are pointing to a “screaming buy”?

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