Are you trying to decide whether or not to add gold to your retirement portfolio? Many people fear that the recent increase in gold prices is a flash in the pan. They are worried that the value of gold will begin to slip over the next few years. Even more importantly, they worry that the value of gold will get crushed by the beginning of the new decade.
Nothing could be further from the truth. Certain events transpiring throughout the world will cause the gold price to increase for many years to come. As a matter of fact, the gold price forecast 2030 states that gold will reach $4800 an ounce conservatively. And if inflation really rears its ugly head, the value of gold could increase to $8900 an ounce.
Is this really possible? Absolutely. In fact, the value of gold is bound to increase whether all the stars align or not. It may increase a tremendous amount or it may just increase a little. But the In Gold We Trust 2021 report predicts that the value of gold will increase dramatically over the next eight years.
With that said, I’ll dive into greater detail explaining the important facts behind this gold price forecast. Before digging in, please remember that it’s best to invest for the long term via a gold IRA. Choose a reputable company like one of the top 10 gold IRA companies on my valuable list.
We will cover important topics such as:
- Gold price direction due to inflation
- Emerging monetary climate change
- Technical indicators saying gold is a long-term buy
- Cryptocurrency impact on gold
- Gold price predictions for 2030
Will Gold Continue to Increase in Value Because of Inflation?
Everybody sees the writing on the wall. We see gas prices going through the roof each and every day. We see the price of groceries become more and more expensive with each passing moment. When is the pain going to end? When will the prices stop increasing? And when will inflation stop making Americans broke?
The truth is simple. Western central banks want the American people to believe that inflation is only temporary. But everything happening in America proves that inflation isn’t going away anytime soon.
In fact, the only way we’ll see an end to inflation is if we see a major trend reversal. And by this I mean the central banks need to introduce yield curve control.
Is this going to happen in the near future, or at least in the next eight years? Only time will tell, but it seems likely that yield curve control will be introduced very soon.
Unfortunately for the American people, this isn’t likely going to pass at any time in the immediate future. Prices will continue to go up at the gas pumps, the grocery stores, and everywhere else for that matter.
Americans need to protect their retirement future as best they possibly can. One of the best ways to hedge your bets against inflation is to invest in gold and silver. These investments increase in value concurrently while the US dollar suffers. It’s a great way to add more wealth to your bottom line by choosing a smart investment vehicle. It’s important to hold onto your gold investments for many years as they help you accrue massive wealth.
The Emerging Monetary Climate Change
Even though we’re putting the pandemic in our rearview mirror, it made a lasting shift on the US economy. In fact, the pandemic made a lasting paradigm shift all across the world. Many monetary policies changed in response to the coronavirus pandemic. And things aren’t going back to normal anytime soon.
As you can imagine, these monetary and fiscal policies will have big consequences on the monetary system for the population. These changes are directly related to climate change, energy production, and more.
Immediately upon entering the White House, Pres. Biden partially banned fracking in the United States. First, he stopped permitting oil and natural gas operations in the northeastern part of Alaska. And he also banned new fracking on federal lands.
These changes immediately put the US economy on shaky ground. Gas prices started increasing right away, and they’ve only gotten more expensive since Russia invaded Ukraine.
Are Americans getting sick and tired of paying so much money at the pumps? You bet they are! But Joe Biden is sticking to his guns and he isn’t backing down on his climate change efforts.
I applaud him for wanting to save the environment. I really do. But he went about it the wrong way by killing oil and natural gas production in the United States. It was too much, too soon, and it’s having a deleterious effect on inflation and the value of the US dollar.
This is great for gold because the longer the US dollar is devastated by inflation, the more gold’s value increases. The same goes for silver investments as well.
So, if you haven’t already, it’s time to begin learning about the top 10 gold IRA companies in business right now. Connect with any of these companies to open a precious metals IRA. And start investing in gold and silver to protect your future in retirement.
The Coppock Indicator Says Gold Is a Long-Term Buy
I really talk about technical indicators when I mentioned investing gold for the long term. But in this particular case, it makes a great deal of sense to mention the Coppock indicator.
Simply put, at the end of 2015, this indicator generated a long-term gold by signal. It formed a cup and handle formation, which is interesting to say the least. This formation will eventually be resolved fairly soon, but ultimately the price target hasn’t been reached. In fact, according to the technical chart, the cup and handle formation will complete when gold reaches $2700 per ounce.
Now this bodes well for the near-term price of gold. It shows us that there’s still plenty of legroom for gold to grow in the immediate future. But over the long term, and in particular the next eight years, gold has lots of leg room for growth.
If you’re an investor, it’s time to begin protecting your wealth with a precious metals IRA. Learn about the best gold companies in business by reading my top 10 reviews. And then contact one of these companies to begin the process of opening a gold IRA account.
Will Cryptocurrencies Ever Replace Physical Gold?
Some investors will tell you that cryptocurrencies are going to succeed gold. They believe that the need for physical gold is on its last legs now that crypto exists.
I’m here to tell you that this is never going to happen. People will always need physical gold no matter what’s happening in the world. What happens if somebody were to suddenly unleash an EM pulse and wipe out the energy grid? Do you think your cryptocurrency is worth anything at this point? It’s not my friends!
Physical gold, on the other hand, is always going to remain a tangible asset. It’s always going to be appealing because it has monetary value and physical uses in electronics and other mediums.
I’m not trying to say that cryptocurrencies are a bad investment either. They provide anonymity and protect from government overreach. So, cryptocurrencies definitely have their place in society as well.
More than anything else, precious metals IRA portfolios are the perfect choice for investors looking to protect their wealth. They hedge your bets against inflation and keep you safe from government manipulation and careless spending. And precious metals tend to gain value when the government recklessly prints more money for stimulus.
Stop messing around and open a gold IRA as soon as possible. The best way to get started is to read my top 10 reviews of the best precious metals companies. This will help you choose the right company to help you open a gold IRA immediately.
Gold Is Predicted to Reach New All-Time Highs by 2030
Whether you believe it or not, the gold forecast looks tremendous over the next eight years. At the least, it looks like gold is poised to more than double in value. And at best, it could very well more than quadruple in value if all the stars align.
What will cause the value of gold to increase over the next decade? Conservatively speaking, gold should hit $4800 an ounce if the economy hums along as usual. But in a scenario with massive inflation involved, it shouldn’t shock anyone when gold reaches $8900 an ounce by 2030. But this is only likely to happen in a worst-case scenario with inflation running rampant throughout the US.
It’s possible to fear a negative forecast for the price of gold in 2030. But if you are ever convinced to feel this way, you must read this article over again. Not only is the value of gold stronger than ever right now, it’s poised to increase even more. In fact, the In Gold We Trust 2021 report made two predictions. They were:
- The value of gold would reach $4800 per ounce in our current economic environment.
- The value of gold would reach $8900 per ounce in a heavily inflationary economic environment.
Nonetheless, they believe the value of gold will continue increasing for the next eight years for all the reasons mentioned above. It’s time to get involved in this investment right now. Read my top 10 reviews of the best gold IRA companies in business. And choose one to help you open a precious metals IRA so you can begin investing immediately.