The author of "Currency Wars" predicts that gold prices will rise to $10,000 in 2026, and silver may reach $200

According to Gelonghui, economist, financial analyst, and bestselling author of "Currency Wars," Jim Rickards, he would not be surprised if gold prices reach $10,000 and silver rises to $200 by 2026. He stated that various factors driving the entire precious metals market, with gold leading the way, will continue to play a role next year:

1. The traditional driving factors behind the current gold bull market—namely, demand from central banks and relatively stagnant supply—will remain effective for a considerable time into 2026.

2. The surge of new, non-traditional factors may push prices even higher. Increased demand from institutional investors—including sovereign wealth funds and endowment funds—could drive prices up again.

3. Geopolitical risk aversion—the recent attempts by Europe to take over Russian assets may also be affecting gold demand, as some countries have begun to use gold allocations to avoid potential asset seizures by the U.S.