Headline: Electrum’s Thomas Kaplan says gold could climb 10x — $30,000–$50,000 not out of the question Thomas Kaplan, chairman of New York–based private investment adviser Electrum Group, issued a stark forecast to Kitco News: gold could rise tenfold from current levels. “I can see gold going to $30,000, $40,000 and $50,000 without a problem,” Kaplan said. “Seeing gold go up another tenfold from here, to me, is not just likely, but inevitable.” At the time of Kaplan’s comments the XAU/USD index was reported trading around the $4,500 level — meaning his $50,000 target would imply roughly a 1,000% increase. Gold has already climbed more than 150% over the past five years, but a tenfold rally would be unprecedented. Kaplan framed his outlook with a historical analogy, comparing today’s setup to 1987. He warned markets could experience a short-term shock like the 1987 crash — “a moment” that looks catastrophic at the time but becomes almost invisible on long-term charts and a huge buying opportunity in hindsight. Kaplan even suggested such a “1987 moment” could replay in 2026. When asked whether his call was short- or long-term, he said it didn’t matter: “in the long term, even in the medium term, gold and silver are going to multiply from where they are.” What this means for crypto readers - Store-of-value competition: A dramatic move into gold could compete with allocative flows toward Bitcoin and other digital stores of value, especially during periods of macro stress. - Market drivers to watch: Major drivers that could push gold sharply higher include aggressive monetary easing or currency depreciation, sustained inflation, geopolitical shocks, and accelerated central-bank buying. - Risk and perspective: Kaplan’s target is extreme and speculative. While it’s headline-grabbing, a 1,000% gain would be historically unprecedented; investors should weigh macro scenarios, diversification, and risk tolerance. Bottom line: Kaplan’s call is one of the boldest price targets heard on the metals desk — headline-making and provocative. Whether gold ever reaches $30,000–$50,000 remains an open question, but his comments are a reminder that some market veterans see the potential for dramatic re-rates in traditional safe-haven assets — a development that would have ripple effects across crypto and broader markets. Read more AI-generated news on: undefined/news