John Paulson is billionaire hedge fund manager who leads his own firm, Paulson & Co. He likes gold a lot higher:
near $5,000 an ounce by 2028 ... the "high $4,000 range"Paulson says that estimate was put to him, adding that "It's a well-informed prediction. I think that's a reasonable number".
Citing:
"As central banks and people look to put their money in a more stable source... I think gold will increase its position in the world," "When the war started, (Russia) kept their physical gold, that was safe, but all their cash - the paper reserves - were confiscated," Paulson said. "So that caused other central banks to wake up and say ... 'What happens if there's a conflict with the U.S.? Could the U.S. keep our treasuries, and all our savings would disappear?'" global trade uncertainty, fueled in part by Washington's tariffs, as further underpinning gold. "The best place to go if your faith in the (U.S.) dollar diminishes is gold as a reserve currency,"---
I compressed the price scale to give a pic of how gold has fareed (this is a weekly candle chart) and to put 5K in the picture:
What y'all think? Comments welcome!
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