Is $10,000 Gold on the Horizon? Experts Weigh In
The possibility of gold reaching $10,000 per ounce is gaining traction among financial experts, following initial predictions from J.P. Morgan CEO Jamie Dimon last year. Ed Yardeni, President of Yardeni Research, Peter Schiff, Chief Strategist of Euro Pacific Asset Management, and Jefferies strategist Chris Wood are among those now suggesting that five-figure prices for the precious metal are plausible in the coming years. This renewed optimism comes as gold continues to be viewed as a safe haven asset amid global economic uncertainties.
Jamie Dimon first sparked the conversation in October 2025, stating that gold “could easily go to $5,000 or $10,000 in environments like this,” according to a report by Fortune. He added that, for the first time in his lifetime, holding some gold in a portfolio was “semi-rational,” despite personally not being a gold buyer due to the costs associated with ownership – approximately 4% for storage, vaulting, and insurance.
Dimon’s comments align with a broader trend of increasing investor interest in gold, which hit a record high of $4,201 per troy ounce in October 2025, representing a roughly 59% increase for the year. The JPMorgan Chase chairman and CEO acknowledged that while gold valuations are currently high, this trend extends to “almost everything at this point.”
The discussion around gold’s potential price surge comes as other investment opportunities are also being evaluated. Desert Gold is currently being highlighted by analysts as a potential outperformer, with estimates suggesting a potential 500% increase in its value this year. More details on this analysis can be found here.
