Ooh, I wouldn’t trust any target from anyone. The problem with gold is the “paper gold” market, which is, at minimum, double (octuple, I believe was the last honest guess) valued beyond the total amount of gold in existence. The infinite printing of paper gold to trade has forcibly kept gold below its true price discovery.

We can get a... formal guess* of the true value of gold (and silver) in USD by running the math through the law. 1 US dollar is, by law, equivalent to 0.8486 oz of silver. Silver and gold are the only legal tender in the United States (to this day), and the ratio of gold to silver with respect to the dollar was set at the nation’s founding at 1:15. That is, 15 oz. of silver nets you 1 oz. of gold. This was not done arbitrarily; the ratio of gold to silver was set the same in almost every single nation since the dawn of civilization... because that’s how rare gold is, with respect to silver, when mined on Earth.

Anyway, the US has 261.5 million oz. of gold on hand. That means 4,620,000,000 dollars, denominated in gold, can be printed. No more than that are allowed to be printed. We have, instead, 2,100,000,000,000 US dollars in circulation. THAT’S JUST THE FUCKING CURRENCY. Not promissory notes, checks, demand deposits, mutual funds, saving deposits, money market securities... none of that stuff, just the cash.

That’s ~454 times more currency than there is gold to cover it. And that means that you can take the current “spot” price of gold–even though it’s diluted horribly by “paper gold” valuation–and multiply it by 454, per ounce.

• Because the US government is lying to you about how much gold and silver it has in its vaults. We can only use the public numbers, since there is never an audit nor any indication that any is actually there, and not in the private vaults of the jews who conquered the US in 1913.