Gold could climb to $5,000 an ounce within a year and double that by the end of the decade, according to the head of Wheaton Precious Metals Corp.
“I’m confident that we will see gold over $5,000 within the next year” Chief Executive Officer Randy Smallwood said Friday in an interview on Bloomberg Television. “It’s a trajectory that could easily put it up to $10,000 an ounce before the end of the decade. It wouldn’t surprise me at all.”