[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Kashyap Sriram @kashyap286 on x 20.5K followers
Created: 2025-07-20 05:21:12 UTC
In 2018, Egyptian billionaire Naguib Sawiris invested half of his net worth in gold, expecting it to go up to $1800/oz.
He was wrong. Gold went to $3350/oz instead.
This is why I dislike price predictions. Is $5000/oz a good price to sell gold? Is $10,000? How high can it really go? Nobody knows!
We look back at Sawiris' investing acumen and think he was a genius. At that time, Wall Street thought he was nuts for predicting $1800 gold, because gold hadn't been that high since 2011.
Fact is, gold is in a multi-year bull market. Unlike stocks, which are prone to management mistakes, gold's potential is unbounded.
Nobody expected cocoa to move from $2581/mt to $12,218/mt (4.7x) in XX months, but it did.
Bull markets tend to surprise conservative investors and analysts by overshooting to the upside.
XXXXX engagements
Related Topics wall street investment $5000oz $3350oz $1800oz