2021 Gold Price Forecast - All Time Highs Again?

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2021 Gold Price Forecast - All Time Highs Again?

Here is our Gold price forecast 2021! The Gold price has had an incredible and volatile 2020. Will the gold price 2021 reach new highs? Will bulls’ gold price forecast of $2,300 and beyond become reality? Or will the gold 2021 price go down or even settle around $2,000?

Today is Sunday 3rd January 2021 and today after a couple of days delay we are producing our Gold & Silver Price forecast for 2021 so here goes:……

Now before we go into the forecast please, if you haven’t already listened to it, please listen to yesterday’s video entitled:

Why Gold Could Double in 2021
https://www.youtube.com/watch?v=z5EePjJOseM

because it will set the scene for part of what we are going to cover today.

It’s not in fairness what we expect to happen in 2021 but if precious metals analyst Andrew Maguire is right, and we do not think his conclusions, are, but if he is then we certainly could see gold double from its current level.

Also for next weeks prediction of course please take a look at our

Gold and Silver Weekly Update – w/e/ 31st December 2020
https://www.youtube.com/watch?v=MW5E26gBNQ8&t=2s

Then there are so many factors which affect its price, including, and arguably the most important:

The value of the US Dollar
Mine Supply vs Physical demand
Its own price (of course demand increases particularly in the far east as prices decline).
Speculation – often paper trading
Value of competitor products e.g. equities, cryptos, bonds etc
Real Interest rates and inflation.
Global Geopolitical events
Proverbial Black Swans.

So, for anyone to be able to calculate all of this anywhere near accurate is some achievement.

That said, we still have to bear in mind that gold advanced 23% this year and that has been an excellent year for the precious metal. But if we look historically after the collapse in 2008, gold went up 27.6% in 2009, 27.7% in 2010, and only 11.6% in the year it reached its then all-time high of $1896. In fact since 1979 gold has only once had a higher growth rate that these figures and that was in 2007 (just before the economic crash) where gold rose 31.6% for the year.

So, although this is not scientific, if we took the highest annual growth rate since 1979 and applied it today, gold’s maximum for 2021 would be $1900 x 31.6% = $2,500 and if gold rose the same percentage in 2021 as it did in 2020 we would see gold at $2,300

So, what is our assessment for 2021? Well, we have difficulty seeing gold fall back considerably from current levels. There is a potential for a drop to as low as $1600 at the extreme and an extreme peak of $2,300 at the other end though we are more comfortable in forecasting that golds rise is more likely to peter out at $2,100 - $2,200. Frankly we believe the main trading range for gold will more likely coordinate between $1700 - $2,000 though it will be higher in the early months of 2021.

Now for those disappointed with our assessment thinking it too bearish, please bear in mind that we are looking more positively for gold over the next few years and are still predicting a rise this year albeit a more modest one. As best as we can ascertain right now, we can still see a rise in the gold price for the year of between 5% - 10% which will give us a closing price of $2,000 – just shy of $2,100 – still a positive result but we still have to bear in mind, that unless they collapse beforehand, both equity markets and bitcoin/cryptos will be competing for investors funds.

Important Links and videos:

Join us at:
https://www.illuminatisilver.com/sign-up-today/

Bullion Vault – Buy Gold & Silver
http://bit.ly/bullionvaultillumsilv

Richard & Greg – Discussion: Debate & Argument YouTube Channel
https://www.youtube.com/watch?v=MLWxmXToFCg&t=3s

Bitcoin/Crypto Training
https://bit.ly/3pNjaug

Rich Dad Summit from $1
https://bit.ly/39uZfKD

Gold, Silver and Rare Coins:
https://amzn.to/2PVinHw - (US & Overseas)
https://amzn.to/2EW8RO2 - (UK)

Stack Silver Get Gold:
https://amzn.to/37yIkUc - (UK)
https://amzn.to/33ca2md - (US & Overseas)

Bitcoin/Crypto Training
https://bit.ly/3pNjaug

Bitcoin For Dummies 1st Edition
https://amzn.to/2VKUSmE

Cryptocurrency Investing For Dummies 1st Edition
https://amzn.to/36Nhidt

Cryptocurrency Mining For Dummies 1st Edition
https://amzn.to/2JREdv2

The Bitcoin Standard: The Decentralized Alternative to Central Banking
https://amzn.to/3lNieTs

Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies
https://amzn.to/3gdTjao

The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them
https://amzn.to/39KqPUj

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