The price of gold has surged 24% in 2024 and is currently around $2,570 an ounce. It has lowered since reaching an all-time-high in October, but according to Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, this rally might just be the beginning. During an interview with “The Lead-Lag Report” last month, Schiff offered an ambitious forecast for the precious metal. “If gold can go from $20 an ounce to $2,600 an ounce, it can go from $2,600 to $26,000, or to $100,000,” he stated. At today’s prices, a climb to $100,000 would represent an impressive upside of over 3,700%. And there could be even more room for growth, as Schiff emphasized, “There’s no limit because, cause again, gold’s not changing — all we’re doing is decreasing the value of the dollar.” Schiff is the founder and chairman of precious metals dealer SchiffGold and serves as an investor and advisor at Goldmoney, a company that offers precious metals trading services, including storage solutions. US dollar poised to ‘lose so much value’ Schiff’s bold forecast for gold’s future price is rooted in his long-held view on the risks of excessive money printing and inflation. “I think the potential [for […]