4.29.25 - Paulson sees gold near $5,000 by 2028

4.29.25 - Paulson sees gold near $5,000 by 2028

Gold last traded at $3,317 an ounce. Silver at $32.94 an ounce.

Billionaire investor John Paulson sees gold near $5,000 by 2028 -Yahoo! Finance

(Reuters) - Central bank gold buying and global trade tensions are likely to push bullion prices to near $5,000 an ounce by 2028, billionaire investor John Paulson said in an interview during which he reinforced his commitment to U.S. mining projects

The price forecast is one of the most bullish yet as banks and others move to increase their own estimates after gold hit a record high just above $3,500 last week. Deutsche Bank, for one, expects bullion to hit $3,700 an ounce by next year.

Already the largest shareholder in Idaho gold and antimony developer Perpetua Resources, Paulson last week bought a 40% stake in NovaGold's Donlin gold project in Alaska from Barrick.

Asked where he expects bullion prices to head, Paulson cited a recent estimate put to him for levels at the "high $4,000 range" within three years.

"It's a well-informed prediction. I think that's a reasonable number," Paulson said.

"As central banks and people look to put their money in a more stable source... I think gold will increase its position in the world," he added.