Recently, many people ask me what I think about gold. Honestly? I believe that most forecasts in the market are just clickbait. Anyone can throw out a number, but few actually do the work.

I recently checked out the analysis from InvestingHaven, and I have to admit, their approach is different. Over 15 years, they’ve worked on a methodology that actually works. And you know what? Their gold price forecasts for 2025 point to approaching $3,000, and by 2026, they could reach around $3,900. By 2030? They mention $5,000. It’s ambitious, but they have the arguments.

What convinced me? Mainly the charts. When I look at a 50-year gold chart, I see two powerful growth patterns. The last decade features a beautiful cup and handle formation, and as is known, long consolidations create strong bull runs. It’s no coincidence.

Gold is a monetary asset, and money is being printed. M2 is growing, CPI is rising, inflation expectations remain on a steady upward channel. All of this supports a higher gold price. I also observe currency markets – the euro looks solid, and government bonds have a bullish long-term setup. This creates an ideal environment for gold.

Interestingly, gold has been reaching new all-time highs not only in dollars but in all major currencies since early 2024. That was the ultimate confirmation of the bull market.

Financial institutions agree on one thing – most forecast the gold price in the range of $2,700–$2,800 for 2025. Goldman Sachs mentions $2,700, UBS as well, BofA and JP Morgan hover around that level. But InvestingHaven is more bullish – they estimate $3,100. Why? They believe in the same leading indicators I observe.

One thing worth knowing – if the gold price drops and stays below $1,770, the bullish scenario loses validity. But honestly? That’s very unlikely.

What about silver? The gray metal tends to explode later in the gold bull phase. The gold-to-silver ratio suggests silver could reach $50. That will be really interesting.

Now, regarding forecasting the gold price in 2040 and beyond – here, honesty is necessary. Every decade has its macroeconomic dynamics. It’s impossible to reliably forecast beyond 2030. Market conditions could change completely. That’s why InvestingHaven sticks to their forecast of a peak in 2030 at $5,000. It’s a reasonable approach.

But if someone asks about the gold price in 2040? Honestly, that’s speculation. There could be extreme inflationary conditions, geopolitical tensions, or entirely new factors we don’t see now.

One thing is certain – gold will remain important. Whether it hits $5,000 in 2030 or something entirely different, time will tell. For now, I’m monitoring these indicators and watching how they develop. When it comes to long-term forecasts, it’s better to stick to facts than guesses.