Gold May Hit $50,000 an Ounce: Billionaire Investor Sees 10 Fold Rise as 'Inevitable' Thomas Kaplan, chairman of Electrum and a billionaire investor, has predicted a tenfold rise in gold prices to $50,000 per ounce within the coming years.
While some may view this forecast as outlandish, Kaplan's argument is rooted in his perspective that gold has been undervalued for too long. Kaplan's prediction draws on historical precedent.
He notes that the current correction in gold prices bears resemblance to the 1987 market crash. This comparison is not superficial; Kaplan views the two events as analogous in terms of market psychology.