Eric Sepanek
SBC Founder
Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.
Steve Rand
General Manager / Sr. Precious Metals Advisor
Steve Rand is the General Manager and a Sr. Precious Metals Advisor at Scottsdale Bullion & Coin. He brings over 20 years of experience in the physical precious metals markets.
As gold prices extend to fresh records, many investors wonder how long the surge can continue. Is it time to sell into profits, or are there still larger gains to be had from this rally?
In this week’s The Gold Spot, Scottsdale Bullion & Coin Founder Eric Sepanek and Sr. Precious Metals Advisor Steve Rand break down how far gold has come and how high it could still climb. They review market experts’ revised gold price forecasts for 2025-2026 and highlight some unique buying opportunities for precious metals investors.
250th Episode of The Gold Spot
This marks the 250th episode of The Gold Spot. Put another way, it’s the 250th time the Scottsdale Bullion & Coin team has shown up to share market insights, investment nuggets, and timely news with our viewers.
The show officially launched on June 17, 2020, at the height of the pandemic, when we knew it would be best to update our clients on the latest market movements regularly.
Along the way, we’ve received incredible feedback, growing support, and thoughtful questions that have helped shape our content. Our team has landed more than a few spot-on predictions, too.
Whether you’ve been tuning in since day one or just joined us recently, we thank you for watching! Here’s to the next 250 episodes, because if anything, the news is only picking up.
Gold’s Monumental Rise in the Past 20 Years
Eric and Steve entered the gold market professionally 20 years ago, when gold prices hovered around a then-impressive $400 an ounce.
Gold has skyrocketed in the last two decades. Gold futures recently hit $3,500, and the spot price briefly broke the mark during intra-day trading as well. That’s a staggering 775% increase in just 20 years!
For perspective, if you had invested $1 million in 2005, you would have around $8.75 million today!
In the last 20 years, what a stable and absolutely substantial growth we’ve seen from gold.–
Gold’s Biggest Moves Yet to Come?
A nearly 800% surge might seem like gold’s shining moment, but the metal has produced higher gains in the past. When the American monetary system was on the gold standard, the metal was pegged to the dollar at $35 an ounce regardless of market conditions.
In 1971, the “Nixon shock” severed formal ties between the yellow metal and the greenback, allowing both assets to float freely. Following nearly a decade of dollar-bashing stagflation, gold hit $850 an ounce by 1980, representing an eye-popping 2,300% surge.
“To think the moves that we’ve seen recently are the big moves, they’re really not even close. We’re not even a third of the way to where we were in that particular market. We could see even bigger moves in the future.”
Steve Rand
General Manager / Sr. Precious Metals Advisor
Revised Gold Price Forecasts for 2025-2026
All signs point to gold being in the middle of a historic surge, with gold prices regularly smashing through all-time highs. This relentless climb has prompted experts to repeatedly revise their gold price forecasts upward for 2025 and beyond.
Here are some of the most notable projections, reinforcing gold’s strong upward momentum and solid macroeconomic footing:
- Goldman Sachs: $4,500 possible in 2025
- J.P. Morgan: $4,000 gold by Q2 2026
- Robert Kiyosaki: $5,000 gold price in 2025
👉 Suggested Reading: The Experts Calling for $4,000/oz Gold Price
Advantageous Dealer Premiums
Investors often associate a boom in gold prices with a spike in dealer premiums. However, the yellow metal has been moving so fast, and retail demand has lagged so much that plenty of great deals still remain. Premiums on investment grade coins, which climbed as high as 188% over spot during the pandemic, are now sitting around 20 to 25%.
It’s a buyer’s market for investment grade coins.–
The Bullion vs. Coin Disconnect
Since 2022, central banks have dominated gold demand, purchasing over 1,000 tons annually for three years straight. The retail sector, however, has largely remained on the sidelines. That’s created a widening disconnect between premiums on bars (preferred by central banks) and coins (concentrated on retail markets).
“When you see a pullback, that’s a good time to strike.”
Eric Sepanek
SBC Founder
👉 Learn more about Investment Grade Coins by requesting your FREE COPY of our Investment Grade Coins Report Now! CLICK HERE
You’re Invited: Bullets, Bullion, Cigars, Cars, & Coffee
Join us this Saturday, April 26th, 2025, from 8:00 am to 12:00 pm (PST) at Scottsdale Gun Club for an unforgettable morning of Bullets, Bullion, Cigars, Cars, & Coffee. This high-octane gathering brings together great company and the finer things in life.
Don’t miss this unique opportunity to connect with like-minded folks, talk shop over coffee and cigars, and even have a chance to shoot a machine gun! We look forward to seeing you there!
👉 CLICK HERE to buy your ticket. Use code SAVE30 at checkout for $30 OFF your ticket.
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