Gold might hit $3,000 - $5,000 if central banks increase gold reserves significantly. This reflects a cautious move towards gold as a reserve asset with gradual inflation concerns.
Imagine a return to a gold standard or gold-backed currency. Here, gold's value could soar to $15,000 - $30,000 due to limited supply and high demand for currency backing.
In a doomsday scenario where financial systems fail, gold could be worth $50,000 - $100,000. It becomes the ultimate store of value with massive hoarding.