Thomas Kaplan predicts gold prices could increase tenfold

Thomas Kaplan, Chairman of Electrum Group, has issued a highly optimistic long-term forecast for gold prices, suggesting that the value of gold per ounce could increase tenfold from current levels.

Kaplan predicts that gold could reach price points of $30,000, $40,000, or even $50,000 per ounce in the long term. He views recent market pullbacks not as the end of an upward trend, but as healthy corrections within a larger bull market.

Comparing current volatility to the 1987 ‘Black Monday’ crash, Kaplan noted that while such events cause immediate panic, they appear as minor details when viewed on a multi-decade chart. He advised that sharp price drops should be viewed as historical buying opportunities rather than reasons for concern.