Eric Sepanek
SBC Founder
Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.
Gold prices might strike $5,000 in the near to medium-term, according to an analysis by the deVere Group. The wealth management group believes the 43% surge is likely following the yellow metal’s climb to $3,500 and the collapsing global economic system. This optimistic view is owed to mounting fiscal and geopolitical turmoil as heightened uncertainty boosts the appeal of safe-haven assets.
US-China Clash Hurts Fiat, Bolsters Dollar
Trump’s tariff regime affects nearly every country on earth, but the spotlight is on the US and China. Once again, the world’s two largest economies have locked horns, bucking free-trade norms and kicking up a cloud of economic instability. Tariff reductions or trade deals won’t do much to mitigate the negative impact of this economic upheaval.
As the deVere Group’s CEO, Nigel Green, explains, “The US and China are now competing not only economically, but ideologically. This is not a short-term cycle—it’s a long-term realignment. And it’s driving a seismic shift in portfolio strategy.”
Fiat currencies are poised to become the costliest casualties of this economic staredown.
This loss of confidence in traditional markets is shining bright on gold as the “ultimate financial insurance.”
Central Banks Lead the Pack
Central banks have led the stampede into gold, sustaining an annual demand of +1,000 tons for three years straight–double the rate from the previous decade.
At the same time, official interest in the dollar wanes with the US Dollar Index hitting a multi-year low and losing value against foreign currencies.
The investment group emphasizes the disproportionate demand from emerging economies as part of a broader strategic shift. In recent years, the People’s Bank of China (PBOC) has actively reduced its reliance on the dollar and increased its gold reserves, which now account for 5% of its total holdings.
Dozens of other countries have hopped aboard the de-dollarization bandwagon, tossing aside the USD in exchange for physical gold. This transition out of the greenback and into safe-haven assets demonstrates “long-term confidence in gold’s value as a reserve asset,” according to the deVere Group.
Wall Street Bets Big on Gold
With the yellow metal smashing through fresh records and conventional dollar-linked assets faltering, institutional sentiment has become increasingly bullish.
A recent Bank of America survey captured Wall Street’s outlook on gold and the broader market horizon:
- 82% of fund managers expect a weaker global economy in 2025, indicating market optimism has fallen to a 30-year low.
- 42% of respondents believe a recession is unavoidable—the highest level of pessimism since June 2023.
- Interest in gold has skyrocketed, with 42% (up by 23%) of fund managers seeing the yellow metal as the top performer this year.
Retail Investors Wake Up
The gold buying frenzy isn’t limited to the official and institutional sectors. Retail investors are joining the flight to safety in growing numbers and buying power, pushing gold prices higher.
- Between Q4 2024 and Q1 2025, gold exchange-traded fund inflows shot up by more than 1,000%, indicating a sharp uptick in retail interest.
- Retail purchases of gold coin and bars reached 325 tons in Q1, which is 15% higher than the five-year quarterly average.
- Over two-thirds of investors think gold is a reliable hedge, and 61% put more faith in gold than fiat currencies.
$5,000 is on the Docket
The deVere Group isn’t shy about its 2025 price forecast, suggesting “the price of gold could reach $5,000 per troy ounce.”
This bright outlook is informed by a worsening economic climate, a destabilized geopolitical order, and a restructuring of the global monetary infrastructure.
Through the uncertainty and volatility, gold is emerging as a foundation of value preservation and financial stability.
The wealth management company joins a growing consensus of experts calling for $5,000 gold in the near term, amplifying the drumbeat of optimism surrounding the metal.