Gold to hit $5,000? Is now the time to buy gold?

Dominic Frisby explains why the gold price could be set up for a major rally as sentiment towards the yellow metal shifts. Is it time to buy gold?

A selection of various weighted gold bars and coins
(Image credit: © Bloomberg)

Gold had an epic bull market in the noughties - I still remember the key numbers like it was yesterday.

There was the low in 1999 at $250/oz, marked for all eternity by Chancellor of the Exchequer, Gordon Brown, as he sold off two-thirds of British gold at the bottom of the market when there were no compelling reasons to do so.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby