Kirkland Lake Gold (KL)

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Gold is going to $2,500, $3,000 an ounce: investment expert

“I think gold's going to $2,500, $3,000 an ounce in the 2020s because the climate—the landscape for gold is so hugely supportive.” Paul Schatz, Heritage Capital president, told Yahoo Finance’s On The Move.

In a recent note Goldman Sachs presented reasons for owning gold citing recession concerns and political uncertainty as catalysts for an investor shift to gold. Over the past year, gold prices have risen nearly 20% and gold is on pace for its best year in a decade.  By 2020, Goldman thinks the price of gold will reach $1,600 an ounce.

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