$100 Silver Is Screaming, But $10,000 Gold Will Be King

First it was $2,000/oz gold. 

That was the target for so many gold bugs that were the true hodlers of the precious metal. I know a few of those golden soldiers that were adamant for decades about gold prices surpassing that level. 

Then on August 4, 2020, they got their wish. 

But it wasn’t enough. 

Gold stayed around that price level for the next four years. 

Fortunately for those safe haven seekers, it only took another year before they saw gold cross above the $3,000/oz threshold. 

A year later, gold prices broke above $4,000/oz. You can imagine their elation as celebratory cheers cried out as they hungrily clamored for more. 

Is $5,000 gold even surprising to us anymore? Believe me, it isn’t. In fact, our investment community has been preparing itself for $5,000/oz gold all last year. 

So as we sit here watching gold prices start testing $5,100/oz, we can’t help but ponder what’s next for the precious metal.

Perhaps $5,400/oz like Goldman Sachs expects? Or maybe the $6,000/oz that analysts at Bank of American are now targeting by year end? 

Hell, why not $10,000/oz gold? $20,000?

Look, there are certain numbers in markets that don’t behave like math.

They behave like the weather; you can feel them coming before they arrive.

Gold at $5,000/oz is one of those numbers.

It’s not because $5,000/oz is “special” in any scientific way. No, dear reader, it’s special because that price level is the kind of round, clean figure that forces people to stop what they’re doing and look up from their screens.

That’s what makes it a catalyst.

Not the number itself, mind you, but the psychological price that does a number on human behavior… kind of like $100/bbl oil. 

However, the funny part is how calm this move has been, at least compared to what people are used to seeing in a mania.

And now Wall Street is moving its goalposts…

That’s why Goldman just raised its end-2026 forecast to $5,400/oz. Bank of America is already floating $6,000/oz by spring 2026. 

Those aren’t back-alley predictions — that’s institutional permission!

And once the big funds get permission, the next part isn’t dramatic.

It’s mechanical, folks.

Silver is Screaming, But Gold Is King

The easiest way to understand the gold setup for 2026 is to forget the romance for a moment and look at the buyer base.

Gold isn’t rising because your neighbor suddenly got obsessed with coins, but rather the fact that it remains one of the sturdiest traditional pillars of “safe” investing available.

As I’ve mentioned before, central banks can’t stop buying, and not in the occasional, symbolic way they used to. The World Gold Council’s latest data showed net central bank buying remained elevated through late 2025, with 45 tonnes added in November alone and 297 tonnes reported year-to-date through November. 

That matters because central bank demand is slow-moving and sticky. We’re not talking about hot money, but rather policy money.

And it’s being driven by a simple lesson central banks learned the hard way over the last few years: reserves can be frozen, access can be restricted, and the “rules” can change when politics gets involved.

Yet at the same time, we’re seeing the private side of the market waking back up.

Look, Goldman didn’t raise its forecast because it suddenly found religion. The firm boosted that target because it sees private investors joining the central bank bid, largely as a hedge against policy and macro risk, with rate-cut expectations also lowering the opportunity cost of holding gold. 

That’s another key piece of 2026.

When yields fall, the penalty for owning a non-yielding asset shrinks. Gold doesn’t need to “beat” bonds when bonds aren’t paying you much in real terms. 

Gold needs only to do what it’s always done: sit there, uncorrupted, while everything else argues with itself.

And ETF flows are reinforcing this point. 

Global ETF data last year pointed toward a renewed appetite for investors, driven by a desire for safe-haven protection, momentum buying, and falling opportunity costs as yields eased and the dollar softened. 

If you want a practical catalyst to watch this year, that’s one of them.

Gold doesn’t move to $6,000/oz because a bank analyst writes a note. We’ll see that price barrier breached when the marginal buyer gets bigger, and the easiest pipeline for big money is the ETF complex. 

If ETF inflows pick up again, it turns the market into a supply-and-demand problem that doesn’t resolve quickly.

Of course, supply really is the boring (but brutal) part of this.

Why? Because gold prices don’t respond like oil or copper, where higher prices can pull fresh production forward. 

Keep in mind that most of the world’s gold already exists above ground, and new mine output grows slowly. 

In other words, the market can’t “drill, baby, drill” its way out of it when demand rises. 

That’s why this long-term trend stays strong over the next few years. 

That strength is being supported by repeat buyers with multi-decade investment horizons, while the backdrop keeps handing investors reasons to own insurance: 

• Geopolitical strain

• Messy fiscal politics

• Currency anxiety

• And equity markets that don’t exactly feel cheap or stable

Silver might be screaming the loudest right now in the headlines, but gold is the one being quietly absorbed into portfolios like it belongs there.

And trust me, it does.

The New Gold Rush Is Underway

There’s one slight problem with the classic gold pitch that you don’t see in the headlines today. 

You see, the investment herd is assuming that investors still live in a world where owning gold has to feel like storing canned food in a basement.

Buy coins.

Hide them.

Hope you never need them.

For what it is, that sentiment can still work. 

But it’s not how modern investors manage assets anymore. At least, not if they’re balancing brokerage accounts, retirement plans, digital custody, and global markets that move 24 hours a day.

What’s happening now is that gold is being pulled into the same orbit as the rest of finance.

You see, it’s becoming faster to access, easier to hold, and easier to integrate alongside traditional portfolios and digital ones.

Well, the veteran members of our investment community here know that this is where the shift towards digital gold comes into play — and why NatGold is such an interesting bridge.

Remember, NatGold isn’t trying to replace gold’s role.

Far from it. 

Instead, it’s trying to modernize how people participate in it.

Why? 

Well, just think… Traditional gold investors get the same core appeal they’ve always wanted: a real asset tied to real reserves, built around value that isn’t dependent on corporate earnings or central-bank promises.

Meanwhile, crypto investors get something they rarely admit they want — an asset with discipline.

They don’t want another token whose value depends on vibes and liquidity; that’s the kind of speculative meme investing strategy every serious investor should avoid at all costs. 

What they NEED is something with gravity.

Yet, the “new” part here isn’t hype: It’s compatibility.

Digital gold makes gold easier to own in the same places people already keep their capital. What we get in the end makes gold easier to move, easier to track, and easier to treat like a serious allocation rather than a separate hobby.

And in a year when major banks are publicly talking about $5,400 and $6,000 targets, the smart question becomes less about whether gold belongs in a portfolio.

Nope, the real question that should be on your mind is whether you’re holding it in the form that fits with what comes next for gold markets. 

Make no mistake, NatGold is built for that future.

The quiet advantage here is getting positioned before the crowd decides this is obvious.

Because that’s usually how the best trades work, isn’t it?

You’re early, you’re calm, and you let everyone else arrive later, making a lot more noise about it.

Let me show you all the details right here.