Using symmetry, here is one possible scenario. It may not play out like this, but one thing is probable, that being a much lower $USD into 2023. If the below scenario plays out, these are the main moves:
1. DOWN into the low 70s over the next 2 years. That is 20% drop from here or $1600 for $Gold.
2. UP for a one year bounce into early 2021 for a 10% bear market bounce.
3. Then DOWN into the low 60s over the next 2 years into 2023. That is 33% drop from here or $1800 for $Gold.
2023 could be another 2008 scenario, but a different crisis, given what the sovereign debt levels could be then, with all the central banks being the bag holders. Its going to be one wild ride, that’s for sure, with fiat currency and sovereign debt the main issue. Those expecting a social security payout or pension in 10 years may be in trouble, as it may not have much “value” in terms of what it can buy.
Chances are that between now and 2023, the rats will be seen leaving the ship first, before the SHTF into 2023. So we will have to pay attention for that sign.
The fifth wave of the fifth K wave for the precious metals, post 2023, into 2027, could be biblical, with some sort of “reset” highly likely.