Gold Could Surge to $40,000 per Ounce, Strategist Says

Egon von Greyerz, founder of Matterhorn Asset Management and Gold Switzerland, has shared his insights, indicating the potential for substantial increases in gold prices based on historical trends and current economic conditions. He explained that gold could reach up to $16,000 per ounce if it returns to its historical average relative to U.S. treasuries, and even $40,000 per ounce based on the 1979-80 levels.

Gold Prices Could Skyrocket According to Egon von Greyerz

Egon von Greyerz, founder of Matterhorn Asset Management AG and Gold Switzerland, discussed potential future values for gold in an article published on his website on Monday. He examined the potential for significant increases in the price of gold based on historical trends and current economic conditions. Von Greyerz is a notable financial analyst specializing in wealth preservation through precious metals.

The strategist suggested that if gold were to return to its historical average level relative to U.S. treasuries, it would need to be revalued by at least six times, implying a gold price of approximately $16,000 per ounce. This scenario, he underscores, reflects a substantial increase in gold’s value driven by its role as a reliable hedge against economic instability.

“The total of U.S.-held gold has on average been 40% of U.S. treasuries outstanding. Today it is only 7%,” he described, asserting: