Gold Price Forecast – Prices Could Exceed $10,000 This Decade

The stock market did well from 2010 to 2020 – now it is gold’s turn, are you prepared?
Below is a breakdown of the recent decades with their preferred assets.

During the 1990s, the stock market was the place to be. An explosion in Internet stocks led to the dot.com bubble. The Nasdaq rallied from 330 in 1990 to 5100 by 2000.
During the 2000s, precious metals and commodities were the best performing assets. Gold rallied from a low of $255 in 2001 to $1923 by 2011.
During the 2010s, money flows switched back to the stock market. The DOW bottomed at 6469 in 2009, and prices topped at 29,600 in February 2020.
The 2020s should favor tangible assets and commodities as supply shortages, and currency debasement creates widespread panic and a global depression.
After a 10-year bull market in stocks, the next asset shift is unfolding before our very eyes. That, combined with the 2019 breakout in gold, confirms the next decade should heavily favor precious metals and tangible commodities. Our Basic Metals Portfolio was designed to navigate these times with minimal investor stress.

Gold Big Picture
In the long-term chart, there is significant resistance around $1800. I assume this is where prices would pause and begin to consolidate. However, the current strength in gold miners is making me reconsider, and we could see gold push straight toward the $1923.70 high set in 2011. I do not think prices will break above $2000 without consolidating first, but we are in unprecedented times, and you never know. I expect gold to hit $8500 – $10,000+ later this decade.

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For more information, please visit here.

Reprinted from Yahoo Finance，the copyright all reserved by the original author.