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Gold is predicted to reach $25,000 and at a point in time closer than you might think, according to Pierre Lassonde, Chairman of Franco-Nevada. Looking at historic data going back over the last fifty years, detailing the interplay of supply, demand, and price and compounding likely future increases over the next fifty years, “the long-term projection would be $25,000”, he estimates.

Other interpretations of the source data and different methods of calculation result in more conservative estimates, but the average figure still puts gold at $12,500 half a century from now.

Speaking at the Denver Gold Forum, Lassonde criticised tariffs and trade wars as the cause of slowing global growth: “Tariffs, barriers being set up…, are sand in the workings of the economy … you’re going to end up having a recession”

He also identifies negative interest rates and yield curves, and slowing growth as the most important current reasons for gold’s continued appeal, and that short term, if this trend continues or spreads to the US, “God bless, we’re looking at $5,000 gold”.

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