It’s never easy to determine where gold prices are going to end up from moment to moment. It’s a commodity on a market that is constantly changing. At the same time, experts can consistently make positive gold price predictions because it’s a safe and stable asset.
Just look at the price of gold on a chart for the last decade. In 2010, the value of gold shot up from $750 an ounce to nearly $1900 per ounce in mid-2011. It then settled in the $1250-$1350 per ounce range for years. But due to economic unrest, trade wars, and US dollar uncertainty, the price of gold is rising once again.
Right now, many experts making gold price predictions have gotten it right. The current price is $1510 per ounce and steadily rising. It’s impossible to predict anything perfectly. But most gold experts agree that this precious metal will continue to steadily gain value over the next 10 years.
With that said, we’ll look at certain determining factors that influence gold prices.
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3 Common Factors That Influence the Price of Gold
It shouldn’t surprise anyone to learn that outside forces influence gold prices. It’s these same outside forces that can help precious metals experts with their gold price predictions. So it’s best to learn about these influences instead of keeping your head in the sand. The most poignant influences include:
- Commentary and monetary policy from the Federal Reserve: when the Federal Reserve chairman speaks, investors listen. As an example, if they intend to raise or lower interest rates, this will have a major impact on gold prices. The impact comes in the form of opportunity cost. If interest rates become so low that bonds and CD’s pay little interest, gold becomes a much more popular commodity. Commentary from the Federal Reserve can move the gold market as well. If the Fed says that interest rates will rise, gold will have a negative reaction.
- US economic data: data about the US economy drives gold prices. The data in question includes GDP growth, manufacturing data, wage data, jobs reports, and more. When the US economy is strong, gold prices remain low. When the US economy struggles like economists fear right now, gold prices tend to rise.
- Supply and demand: this plays a major role in gold price predictions. At the moment, demand for gold is incredibly high. Countries like China and Russia are gobbling it up year after year to add to their stockpile. Yet in the first half of 2016 the overall gold supply only increased by 1%. But the rise in demand increased by 16%. The huge demand and low supply will continue to drive the price of gold higher. Experts agree that increased demand and smaller supplies will make this precious metal more valuable than ever.
Other Common Factors Influencing Gold Prices
A few other common factors that influence gold prices include:
- Inflation: this is one of the biggest factors affecting the price of gold. As inflation rises higher, the value of gold rises higher along with it. When inflation is low, gold prices tend to remain low as well. Experts understand that expanding money supplies dilute its value and create inflation. This is happening now in the United States and many other parts of the world. And it’s another reason why experts agree the value of precious metals will rise when sharing their gold price predictions.
- Uncertainty: this is also another big factor influencing gold prices. When unrest and uncertainty in politics or economics hits, it has a positive effect on the gold price. Right now, Trump is in a trade war with China, the UK is exiting the European Union, and threats of terrorism continue to plague the Middle East. This uncertainty leads investors to gravitate toward gold. And when more investors begin buying gold, demand increases, supply dwindles, and the price breaks through its previous glass ceiling.
How to Capitalize on 2030 Gold Price Predictions
As you can see the combination of all of these factors points to rising gold prices over the next 10 years. It’s time to learn about investing in gold to secure your financial future. Take time to learn about our top 10 Gold IRA companies. And remember that Regal Assets is our number one recommendation. They currently offer all interested investors a free gold investing kit.
Everett Millman’s 2030 Gold Price Predictions
“All through the accompanying 10– 15 years, the perils are tilted to the upside at the gold expense. Three moving toward vulnerabilities will work to help gold: the surprising impact of cash related technique, specifically astounding appraisals taken by noteworthy national banks over the earlier decade; advancing geopolitical trouble; and the financial substances of gold mining. Gold can go about as portfolio assurance, or a position of shelter, against threats related with the underlying two factors. At that point, examination adventures for new gold stores are costly and can take 10 years or more to yield results. Overall gold mining yield is as needs be foreseen to be in abatement all through the accompanying 20 years. Given these wellsprings of spot of shelter demand united with the high likelihood of decreasing supply improvement, we reasonably foresee that the gold expense should clear $1,500 per ounce by 2030 and perhaps trade as high as $1,700/oz over that period.”
Everett Millman, Precious Metals Specialist, Editor, Gainesville Coins
Everett Millman strongly believes that the price of gold will rise in value. He feels that it can reach as high as $1700 per ounce in the next 10 to 15 years. Some of his reasons for his gold price prediction include the following:
- major geopolitical problems on the horizon
- less supply and more demand for gold
- national banks making astounding gold appraisals
- the unexpected impact of cash related technique
Millman’s predictions make sense even to inexperienced investors. He isn’t making outrageous claims. He isn’t saying gold will reach $30,000 per ounce in the next 10 years. He’s simply stating that certain forces will continue to push the price of gold higher and higher.
Meri Geraldine’s 2030 Gold Price Predictions
“I should need to suggest that killing mercury from the gold supply chains may influence the expense. There is weight from buyers and goldsmiths to never again use mercury when mining, cleansing or refining gold. Raised measures of mercury use can devastatingly influence prosperity and lead to regardless births, birth surrenders, and unfavorable births. By and large, mercury amalgamation is most economical, easiest and most instantly available strategy for dealing with gold from hard shake by little scale excavators. Attempts to supersede the usage of mercury with various systems will influence a normal 20% of the world’s gold supply starting from brilliant gold excavators – making it more work raised and extravagant to process the gold. The dispensing with of mercury from gold supply chains may influence the expense of gold.”
Meri Geraldine, CEO, Gardens of the Sun
Her prediction is of an entirely different nature. Meri Geraldine believes that removing mercury from the gold supply will make it all the more valuable. By eliminating mercury during the mining process, it’s going to become more expensive and more difficult. This will also raise the price of gold.
Moe Zulfiqar – $5,000 an ounce
“If you are not looking, you could be kicking yourself later. It wouldn’t be shocked to see gold at $5,000 an ounce or more by 2030. There are such countless things happening for gold and in the next decade they could genuinely give the yellow metal a lift; careless government spending over the globe, national banks acquiring gold, gold assessments in the ground diminishing, examination spending dropping and the summary goes on.”
Moe Zulfiqar, Senior Analyst, Lombardi Letter
Moe Zulfiqar believes the price of gold will rise due to:
- careless government spending all over the world
- national banks acquiring gold
- lower supply and higher demand of gold
- incompetent budgeting
- and more.
Moe Zulfiqar is on the same line as Everett Millman in his beliefs but he believes the price of gold will climb even higher. Only time will tell whose predictions are closer in 2030.
Bottom Line
Clearly, expert gold price predictions show us that this commodity will continue to rise in value. Whether the experts get their predictions right or not is completely irrelevant. The relevant part is that the common factors that influence gold prices all point to the value of gold increasing.
Now is the time to become a gold IRA investor. Please learn about our favorite gold company Regal Assets and other brokers by reading our top 10 gold IRA companies review. They currently offer a free gold IRA investing kit that includes a free DVD and Forbes issue. The investor’s kit is always free but if the predictions are right, there’s not much time to waste so don’t delay! Read the reviews and make your decision sooner rather than later.
Do you have any questions on what experts have to say for the gold price predictions in 2030? Ask below!
Hi
This is an interesting article about gold price predictions for 2030. After reading this article I understand about gold investment and got also the idea of gold price in 2030. Obviously gold price will rise. Experts are predicted that after 15-20 year’s later gold price will be $1,700/Oz to $5,000/Oz. What do you think what will be the price of gold in 2030 in your way ?
Nowadays gold investment in IRA is enhancing. So, investors should invest in it also. Thanks for this valuable article.
Hello Touhidur! I agree with the experts that the price of gold should be somewhere in that range by that time, given that the economy continues to go the same direction it is now and the government continues to print money all the time. Both of those factors don’t seem to show any sign of changing so the value of gold should continue to rise to the values that the experts have predicted. All the more reason to invest in a gold IRA now! Thank you for asking me my opinion on this matter, Touhidur! Thank you for dropping by and I look forward to seeing you around!
Great overall article about how the Gold markets work and why Gold is of value. It is crazy to think that we have been off of the Gold Standard for so long. If we ever went pack on it… I predict that the spot price of Gold would immediately go to over $10,000 per oz. 🔥
Hello Brian! If we went back to the gold standard, experts predict that the economy would stabilize and the dollar would actually retain its value. Unfortunately, because they do not do that and the government decides to print fiat money instead, the value of gold is constantly rising along with inflation so that the value of gold increases as the dollar’s buying power diminishes. Thank you for chiming in! I look forward to more of your comments moving forward!
Hello David. I found your post to be interesting although I had a little trouble understanding what you were saying. I’ve never heard some of this terminology before, hence the confusion.
That said, I did learn something and it’s something I have known for some time, actually and wish I had known when I was younger. Gold will always be worth investing in, no matter what the price.
My only regret in this area is that I didn’t start investing in gold when I was in My early 20’s. I’m going to be 70 soon and back then gold was still less than $50/ounce.
The sad news is, I don’t have anything to invest now so it’s too late for me. But I hope others who read this will start investing now. Even if it’s only a hundred dollars here and there, they will be set when they reach retirement.
I will be encouraging younger folks to visit your site and learn how to do this. Planning for the future is so important these days and has been forever.
All the best,
Wayne
Hello Wayne!
It’s never too late to invest in a gold IRA! The government is only going to continue printing money, which will only diminish the power of the dollar and increase the value of gold.
It’s great that you will encourage younger people to also do this as well. Thank you for your wise input on this matter! I look forward to more of your comments as well.
Great article on investing in Gold for your IRA account. If the pricing experts believe that the price could be upwards of $1500 to $1700 per ounce by 2030, then the investment would be ideal. If as one expert, Moe Zulfiqar, thinks it could hit $5000 per ounce than the investment today would yield an incredible return into your IRA. I agree that what could very likely drive up the price are very real possibilities, and guarding against large swings in the stock market would be an investment in Gold. Great information and thought provoking.
Hello again, TimMoto! Indeed, the predictions only add more to the reasons that anyone should invest in a gold IRA to protect their retirement account. Thank you for dropping by with your comment again!
Predicting gold prices 11 years from now is a guessing game that is really hard to count on for investing that you may be considering today, no matter who the expert is that is making the prediction. I have gone back and read similar predictions from pundits over 10 years ago and none were on target.
Having said that, it does make sense to secure some relief from volatility in the markets through investing a portion of your IRA in precious metals, as these can work as a balance to whatever happens in the other financial markets that you may have money in.
The play on gold for me is long term and intended more for security than on making any huge masses of money from the value it may have at one point or another. I would not count on it reaching $5000 an ounce, nor would I think the floor will drop out of the value.
Somewhere between the two is fine with me, and as long as I know that if something happens with the rest of the IRA portfolio, the gold is there, I will be fine. I guess I am taking a long-term view over worrying about where it is priced at today or in 11 years.
This was a good read, thanks for pulling in all these experts to provide their opinion on where the price of gold may be heading in the future and why they think they way they do…It does provide lessons for other areas of investing as well.
Hello again Dave and thank you for the encouraging comment! Yes, nobody will ever accurately predict the future but we can only guess reasonably (speculate) that it should be somewhere in that range. Even then, I am glad that you made the decision to invest in a precious metals IRA! Potential investors should learn from your example. I’m glad that you dropped by again with your comment!