News Releases
Stay up to date with the latest announcements, project milestones, industry participation, and company developments from Sinda.
Home > News Release
Aug 20, 2026 1:05 PM
Gold price headed 10 times higher, and that is "inevitable," Thomas Kaplan says
(Kitco News) - Electrum chairman sees gold reaching $30,000 to $50,000, calls the correction a "1987 moment" and warns governments may seize profitable mines
Thomas Kaplan thinks gold is going up tenfold, and he is not hedging the word.
"Seeing gold go up another tenfold from here, to me is not just likely, but inevitable,"
he told Kitco News on Thursday.
Then he put numbers on it, without being asked.
"I can see gold going to 30, 40, 50,000 dollars without a problem."
What to watch
Three milestones carry the story forward. The NOVAGOLD shareholder vote on consolidating Donlin. Sunshine's feasibility study, expected in the second quarter of 2027. And a final investment decision that could support renewed silver production in late 2028.
Featured Stories
Mining Project
©2026 Sinda. | Privacy Notice