Well, after years of studying gold cycles, I’ve noticed something interesting that most traders completely underestimate. Gold isn’t just making a random breakout — it’s confirming a bearish pattern that has developed over the past 10 years. And this leads me to serious reflections on gold forecasts for the next 10 years.

To understand where we’re headed, we need to look at the big picture. In 2024, the price hit $2,600; in 2025, it brushed close to $3,100. Now it’s 2026, and the market is consolidating around $3,800. But what really matters is the underlying dynamic. Gold moves with the monetary base M2 and inflation — this is not opinion, it’s a fact. When I look at 50-year charts, I clearly see how 2013–2023 was a massive consolidation, a cup and handle formation. Now we are in a true upward phase.

What fascinates me is how no one talks about expected inflation anymore. The TIP ETF, which reflects inflation expectations, is moving within a secular bullish channel. This is the real driver of gold, not stories about geopolitical crises or recessions. Gold thrives on inflation, period.

Looking at gold forecasts for 10 years, major institutions converge on a range of $2,700–$2,800 for 2025 (already passed), but our outlook is more aggressive. Goldman Sachs talked about $2,700, UBS about $2,700, BofA about $2,750 with a possibility of $3,000. We instead believe in a target of $5,000 by 2030. It’s not fantasy — it’s based on three things: the extraordinarily bullish secular chart pattern, the ongoing monetary expansion, and inflation expectations remaining in a positive trend.

What’s surprising is how the futures market still shows very high short positions from commercial traders. This means the upside potential is still there, even if limited in the short term. It’s as if the market is being artificially “suppressed,” creating a situation where the price can’t accelerate too quickly.

Regarding the 10-year gold forecast, my conclusion is that 2030 will probably see a peak around $5,000 under normal market conditions. If inflation spirals out of control like in the 1970s, we could even reach $10,000, but that would require extreme conditions. What I see is a slow but steady bullish trend, not a sudden explosion.

Silver? It will come later. Historically, when gold begins its rally, silver waits for the next phase to accelerate. The gold-silver ratio suggests that silver could hit $50 in a more advanced stage of this cycle.

Finally, for those wondering how much gold will be worth in 10 years — we’re already in that period. The gold forecasts we made in 2016 predicted $5,000 by 2030, and the market is tracking exactly that path. History doesn’t repeat, it rhymes, as they say. And the rhythm we’re hearing sounds decidedly bullish.