Gold at 3k

[K_vin]

we might be seeing gold hit 3k before the first half if the year 2025 if the rise in gold demand and the shortage in supply continues
There have been reports that the Bank of England(BoE), have been unable to supply and meet immediate demands and this has put both LBMA( the London bullion market association) AND COMEX into a physical gold crises
With issues like this coupled with the geopolitical and economic tensions around the world, there may be shortage of supply globally and hightened volatility which will inturn sky rocket the price of the precious metal

[BADecker]

Note that Bitcoin at $3k would be a far better deal.     

[magistrator]

I have to go work as a prospector

[franky1]

with people already planning long term investments, they are seeing that moon mining will bring back hundreds of tonnes in the next 15 years, and so those hoping for +2x of gold price within 15 years wont get it but instead a -2x to -6x in 15 years

this is because many are trying to find ways to sell gold, heck even peter schiff wants to sell his gold.. but hates his customers buying bitcoin
(if schiff was wanting to hoard/accumulate gold he would not be advertising to try getting people to buy his gold)

this is why governments are moving to bitcoin strategic reserves, as gold will lose its scarcity/demand support

just imagine it, in 15 years. robots just hoovering up surface moon dust, putting it trough an automated filter and sluice system which can bring back refined, clean, processed 100 tonnes for under $900m of transport cost

earth gold right now is priced ~$50m per tonne. but if moon gold can be transported to earth for $9m/tonne, then thats a 5x-6x cheaper option to get moon gold... which is why there is soo much involvement in the whole moon missions right now, cheap gold in bulk

in short
so dont plan on long term gold investments yielding multiples in positive price movements.. just do it to play the waves of the shorter term ups and downs