It is difficult to predict the price of gold in the next bull run, as it will largely depend on a variety of factors including economic growth, inflation, and geopolitical events. However, some analysts have suggested that gold could reach $5,000 per ounce in a future bull market.
In terms of inflation, some analysts have warned that if the Federal Reserve fails to take action to address increasing inflationary pressures by 2023, it could lead to a situation where prices rise so quickly that it tears society apart. This could be a situation where the cost of living becomes unaffordable for many people, leading to social unrest and economic disruption. As a result, in this scenario, it is likely that gold would become an increasingly attractive investment as a result, potentially driving prices even higher than $5,000 per ounce.