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2024 was a big year for precious metals — and gold didn't just exceed expectations — it shattered them.

Opening 2024 at just over $2,000, gold surged past every major forecast to approach $2,800 by October, forcing analysts and institutions to repeatedly revise their projections upward.

Let's review which experts saw it coming, which ones missed the mark, and what they're predicting for 2025.

When was the first ATM installed?

1. 1957 
   
   
2. 1967
   
   
3. 1977
   
   
4. 1987

Reply with the correct answer and you could win one free ounce of silver! (Some conditions apply, see details below).     

Looking Back at 2024 Gold Price Predictions: Expectations vs. Reality

Gold's 2024 surge exceeded even the most bullish forecasts. While Bank of America and Citigroup projected ambitious $2,400 targets, gold blazed past these estimates to reach $2,800 by October — today settling in around $2,650.

Our annual review reveals just how dramatically the precious metal outpaced market expectations, with virtually every major institution underestimating its potential.

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The Few Who Got It Right

Among major forecasters, only the boldest saw gold's potential. While Zach Scheidt ($3,000) and Juerg Kiener ($2,500-4,000) came close, traditional institutions fell short in their predictions. Goldman Sachs projected just $2,133, and the World Bank's $1,900 forecast missed dramatically.

What Drove Gold Higher: 

• Geopolitical tensions intensifying beyond expectations
• Persistent inflation concerns despite central bank interventions
• Growing demand from central banks continuing their historic buying spree
• Market uncertainty driving investors toward safe-haven assets 

Gold in 2025: The Next Chapter

After such a historic run, where does gold go from here? Our comprehensive 2025 analysis explores expert forecasts and the key drivers that could push prices to new records.

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Until next time,

Brandon S.

Editor
GoldSilver

Congratulations to last week’s trivia winner Jon W. M. The world’s largest silver producer is Mexico.

Mexico is the world's largest silver-producing country, having produced 6,400 metric tons of silver in 2023. This significant output underscores Mexico's long-standing reputation for its rich silver reserves, particularly in regions such as Zacatecas, Durango, and Chihuahua, which are known for their extensive mining operations.

Now, back to this week’s question... When was the first ATM installed?

1. 1957
   
   
2. 1967
   
   
3. 1977
   
   
4. 1987

Think you know the correct answer?

Reply to this email with your guess. All readers who respond with the correct answer will be entered into a pool, from which one first-time winner will be randomly selected. The lucky winner will receive 1 oz. of silver added to their InstaVault account. This offer is our way of rewarding our attentive readers and introducing you to the benefits of secure precious metals storage with GoldSilver. 

To participate, simply reply to this email with your answer. If you're selected as the winner, we'll contact you about setting up your InstaVault account. Once your account is open and active, we'll add 1 oz. InstaVault silver to your holdings. Good luck!

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