Jim Rickards: Gold Price Will Reach $10,000 in 2026, Silver Will Climb to $200 per Ounce

Recently, Jim Rickards, author of "Currency Wars," made a startling prediction in an exclusive interview with ITMTrading. He straightforwardly stated that by 2026, the gold price will rise to $10,000 per ounce, and silver will climb to $200 per ounce—both scenarios are within expectations. His forecast far exceeds current market consensus, underpinned by his in-depth analysis of multiple core drivers of precious metals.

Rickards believes that whether gold can maintain its strong momentum in 2026 depends fundamentally on two unchanging facts: the persistent surge in global central bank gold purchases and the relatively tight supply of precious metal minerals. It is these two core factors that provide long-term stable fundamentals supporting gold prices.

In his view, the explosive market potential for precious metals will be driven by a series of entirely new non-traditional factors coming into play.

First, institutional demand is likely to undergo a qualitative change. Sovereign wealth funds, university endowment funds, and other large capital allocators are expected to adjust their asset allocations, potentially shifting gold from a marginal holding to a core strategic asset. Once this demand is unleashed, the impact could be substantial.

Second, the ongoing evolution of geopolitical risks is fundamentally redefining the global market’s standards for safe assets.

He specifically pointed out that recent Western plans to freeze Russian foreign exchange reserves are a typical symbolic event.

This move has prompted many countries to reassess the safety of assets within the dollar system and seek ultimate assets like gold—free from sovereign liabilities—to avoid potential seizure risks.

This trend of de-trusting asset allocation could trigger an unprecedented wave of central bank and sovereign-level gold purchases.

In summary, Rickards’ target of a $10,000 gold price is not based on simple inflation calculations but on the deep fissures occurring in the global order and the monetary trust system.

In his view, gold is no longer just a cyclical commodity but has become a key geopolitical hedge against systemic risks, sovereign credit fluctuations, and the restructuring of the international monetary system.

If Rickards’ prediction comes true, the entire precious metals market’s pricing system will be fundamentally rewritten.

#黄金 #Silver