Why Gold Could Reach Highs of $25,000 – Pierre Lassonde
- Kitco NEWS
Gold’s trajectory over the long-term is several thousand dollars higher, with an average target price of $12,500, and it only makes sense when you look at the historical growth of the metal, this according to Pierre Lassonde, chairman of Franco-Nevada. “If I use the compounded annual growth rate over 50 years, that’s got to give you a pretty good idea of where the gold price is going to go, and if you use that number, you get $12,500 in 30 years’ time,” Lassonde told Kitco News on the sidelines of the Denver Gold Forum. Lassonde added that applying the annual average growth rate from 1970, the long-term projection would be $25,000.