On 8 March 2021, I set $3 000/oz (R52 185.23) as my gold price target. On 26 February 2025, I upgraded that to $5 000/oz (R86 975.38) as a 12-month target.
Gold remains firmly on track. I expect it to breach $4 800/oz (R83 496.37) by 5 December 2025, followed by a pullback and a period of consolidation into early 2026.
From June 2026 – June 2027, a decisive 12-month price acceleration phase is likely to unfold as global liquidity expands and geopolitical fragmentation deepens. Accordingly, I am upgrading my medium-term target from $5 000 (R86 975.38) (by February 2026) to $8 000/oz (R139 160.61) by June 2027.
Since 2021, The Personal View has consistently reiterated Gold as a strategic anchor. Back in 2021, I was most concerned about structurally elevated, volatile and persistent inflation. This was a time when the FED pronounced inflation as “transitory” rather than structural. Beyond inflation alone, the drivers I have touted over the 4.5-year call are structural and persistent:
- Crypto regulation
- Fiscal imbalances
- Geopolitical instability
- Monetary Policy & Inflation Risk
- Portfolio diversification
- De-dollarisation & central bank accumulation
- Systemic fiscal fragility
- Global conflicts & economic realignments
- Geopolitics fragmentation
- Chronic supply underinvestment
These forces have intensified, underpinning gold’s value in an increasingly fractured global environment. All notes by The Personal View regarding gold, since “Buying Gold” in March 2021, can be found in my LinkedIn post history.
