While some forecasts for the price of the precious metal seemed to sound utopian not so long ago, things look different today. EB Tucker, director of Metalla Royalty & Streaming, for example, announced last September that gold will reach its old high in 2020. At that time, the ounce of fine gold cost around $1,500.
Rob McEwen, owner of McEwen Mining, had also predicted a new price peak in 2016. In the longer term, he even considers $5,000 an ounce possible, according to his statement in September 2019. John Kaiser of Kaiser Research, for example, stated in an interview in 2017 that $2,000 to $3,000 would be a realistic price in the coming years due to increasing geopolitical uncertainties.
Frank Holmes, CEO and Chief Investment Officer at US Global Investors, is certainly known to many. Last September, he also stated that $8,000 per ounce of gold is also possible. However, according to Holmes in July 2020, it is more likely to be around $4,000.
One of the highest gold price speculations was offered by David Smith of the Morgan Report in June 2020, who also believes that 10,000 euros per troy ounce of gold would be within the realm of possibility. With silver, he sees a price of 50 US dollars as the coming reality.
Companies with gold and silver in their projects, such as Vizsla Resources or Skeena Resources, should be lucky.
Vizsla Resources focuses on gold and silver in the Panuco district in Mexico:https://www.commodity-tv.com/play/newsflash-with-vizsla-resources-after-sensational-drill-results-and-doubling-of-the-share-price/. Production is scheduled to begin this year or next year.
Skeena Resources is developing the formerly producing Snip and Eskay Creek gold and silver mines in British Columbia: https://www.commodity-tv.com/play/skeena-resources-to-acquire-100-of-eskay-creek-and-resource-for-snip-coming-soon/. The latter has returned up to a good 25 grams gold equivalent per tonne of rock in recent drilling.
Recent company information and press releases from Vizsla Resources ( https://www.resource-capital.ch/en/companies/vizsla-resources-corp/) and Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/).
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