Billionaire investor Thomas Kaplan remains resolute in his bullish stance on gold and silver, despite the metals’ historic correction in late January.
In a recent interview with Business Insider, Kaplan said he expects gold to break past last month’s record of $5,600, calling the recent plunge a short-term event in a long-term structural uptrend.
Gold and silver both posted new all-time highs in late January, with gold touching $5,560 and silver surging past $120. But prices swiftly collapsed during the Jan. 30 market selloff, with gold dropping as low as $4,400 and silver plunging to $64. Since then, both metals have staged a recovery, with gold reclaiming the $5,000 level, up nearly 2% on the day, and silver rebounding to $83, up 6%.
Kaplan attributes the volatility to normal market behavior and says the case for precious metals has only strengthened. He cites mounting global debt, persistent currency debasement, and growing skepticism around fiat currencies, including the US dollar, as long-term tailwinds.
“There’s every reason in the world to buy gold, and silver is just gold on steroids, up and down,” Kaplan said. He believes gold will continue to gain importance as a non-liability asset, especially during periods of financial stress. He also warned that central banks may increasingly seek to nationalize or consolidate gold reserves, making the asset even more scarce and valuable in times of crisis.
Kaplan emphasized that he’s remained invested in gold and silver since the 2008 financial crisis and sees the path forward as one of conviction and patience. “The only things that I’ve believed in since the financial crisis are gold and silver,” he said, adding that the rally could take years to fully unfold.
Source: https://cryptobriefing.com/kaplan-gold-prediction-2026/
