Gold is trading above $2,000 for first time in history. The main driver of the Gold demand these days is the giant stimulus packages in the USA and in Europe and the efforts taken in the rest of the world to boost its economies. This will generate a massive currency supplies and thus reduce the value of the currency.

Most of Analysts are now using complicated methodologies to know where is the target price. There is no doubts that many regressions and forecasts methodologies can be applied. But we tend to be very simple in our expectations here.

Back in 2009, during the financial crisis. We witnessed a massive price increase of gold after is was trading above $1,000 on March 2008. The target that reached was 1,925 on August 2011. That means an increase of 90% in 3 Years. яндекс

Applying the same scenario on 2020, the expectations for Gold is to reach $3,600 by 2023.  Which is the 90% increase from the latest high at $1,925 per ounce