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$3,000 gold? So how do I start investing?

Nov 21, 2024, 3:50 p.m. GMT

The week began with Goldman Sachs projecting $3,000 gold by 2025. This forecast aligns with predictions from several other analysts in recent months. Why is $3,000 gold on the horizon? Unfortunately, the factors that pushed gold to record highs in 2024 seem unlikely to subside in 2025 and, for many, may even worsen.

This reminds me of something Rick Rule once said about why he buys gold. To paraphrase: “I don’t buy gold because I worry that it’s going to $3,000. I buy gold because I worry it’s going to $10,000.” The takeaway here is not to focus on the price of gold, but rather on the factors driving it to those levels. If gold does reach $3,000—or even higher—what will other markets, economies, and financial systems look like in that scenario?

This topic was a major point of discussion for our team at an investor event in the UK yesterday. We were delighted to speak with so many of you about investing in physical gold and the security it brings to your portfolio. For those whose only exposure to gold had been through gold mining stocks, the idea of owning allocated, segregated gold proved to be an exciting proposition. If you missed the chance to speak with our team at the event, please book a strategy call here to learn more.

Shortly after sending last week’s newsletter, I joined financial news platform Finimize for a live webinar. With over 300 attendees, it was a fantastic event filled with insightful questions. For those who couldn’t join—or who want to revisit the discussion—we’ve posted the recording on our YouTube channel.

In the webinar, we explored the multifaceted role gold plays in an investor’s portfolio, highlighting its unique qualities as a hedge against inflation and uncertainty. I explained how, despite not offering a yield, investors can assess gold’s fair value. We also shared GoldCore’s outlook on gold prices and discussed the pros and cons of different investment methods, from physical bullion to ETFs. Hypothetical scenarios were addressed, including the potential impact of a significant gold discovery or market conditions that might lead to a drastic decline in gold’s value.

I also answered a key question: Is gold due for a price correction? Additionally, I shared insights into the current sentiment toward gold as an investment. For those considering physical gold, I outlined GoldCore’s storage options and buy-back guarantee. Finally, I provided some investing basics to help round out the discussion on gold investing.

Before the webinar, we surveyed attendees about their gold investment experience. For those who hadn’t invested, we asked why. An incredible 67% responded that they simply didn’t know how to get started.

So, we encourage you to share this webinar with friends, family, or anyone who might be interested in gold investing but isn’t sure where to begin.


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