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Jim Rickards: Jim Rickards SHOCKS: Gold to $10,000 by 2026 & Silver to $200 – “It's Just Getting Started”
ITM TRADING, INC. · 22 Dec 2025 · Full interview
Silver: bullishGold: bullishCentral banksChina and AsiaGeopoliticsPhysical marketSupply and deficits
- Rickards expects gold to reach $5,000 by the end of 2026 and says $10,000 before then would not surprise him.
- He links gold’s rise to central-bank buying, flat mine supply, rising demand, institutional allocations and reserve diversification away from US Treasuries.
- He says silver could reach $200 an ounce if gold reaches $10,000, after lagging gold and then developing stronger momentum.
- Rickards argues central-bank purchases may limit gold’s downside because they tend to buy during price dips, though he offers no guarantee.
- Institutional investors typically hold only 1–2% in gold; raising that allocation by one percentage point could materially affect prices.
- He says paper silver claims greatly exceed available physical metal, creating the potential for delivery pressure and a short squeeze.
- Rickards rejects reports of an official BRICS currency backed 40% by gold, but says BRICS is building payment infrastructure and can use gold for settlement.
- He views European disputes over national gold ownership and repatriation as part of a broader conflict between national governments and institutions such as the ECB.
Gold $10,000 by 31 Dec 2026Open
“it would not surprise me, not even a little bit, to see $10,000 goal before the end of 2026. I think we will.” at 8:41
Gold $5,000 by 31 Dec 2026Reached
“I've sort of I've given a forecast to my readers of my newsletter with strategic intelligence of uh $5,000 by the end of 26.” at 8:21
