Will Gold Jump to $10,000 in Four Years?

In 2020, the price of gold reached a record high of $2,000 per troy ounce. Four years later, it has climbed past $2,500.

But what do the next four years hold?

In a recent interview with Kitco News, Peter Schiff, chairman of Schiff Gold, offered his perspective. He predicted that gold prices will soar to $10,000 by 2028, pointing to inflation as the cause. He compared today’s economic conditions to the early 2000s, when gold jumped from $300 to $1,900 in just a decade.

Schiff also cautioned that gold prices may not dip below $2,300 again. In fact, he believes gold could reach $3,000 by the end of the year.

While it’s impossible to predict the future, Schiff’s outlook is interesting. And as gold prices continue to rise, investing in gold now could set you up for a bright future.

Watch the full interview with Kitco News below: