The principals at Hard Asset Management have put a strong buy recommendation on gold. In recent months, gold has surged from $1270 in early 2019 to close to $2,000 an ounce due to the economic fallout from the coronavirus pandemic. In April, analysts at Bank of America raised their 18-month price target for gold to $3,000. In an interview, billionaire Thomas Kaplan predicted gold will potentially go up to $5000 an ounce, and recently, according to, Mining Mogul Pierre Lassonde predicts a long-term growth of $25,000, making gold a substantially more valuable asset in your long-term investment portfolio.