Gold Bull Run Accelerates as Florian Grummes Sees $4,300 Target, $5,000 in Sight

Florian Grummes, Managing Director of Midas Touch Consulting, warns that the old playbook is dead. In this high-impact interview with Kitco Mining at the 2025 Mining Forum Americas, Grummes declares that gold price discovery has shifted away from Wall Street and London to the East — with Dubai, Shanghai, and Mumbai now calling the shots.

He argues that central banks, Tether, and physical gold buyers — not paper traders — are driving a historic revaluation. “COMEX and LBMA no longer set the tone,” Grummes says. “We are watching five decades of paper-based pricing collapse in real time.”

As the Fed loses its grip and a global bond bear market unfolds, Grummes outlines his gold targets: $3,750 short term, $4,300 next, and possibly $5,000 and beyond. Silver is also heating up, powered by solar demand, central bank accumulation, and Asian buying. With the gold-silver ratio still far from historical norms, Grummes believes silver remains deeply undervalued.

Mining stocks are already surging, but ETF flows are lagging. He predicts a tactical pullback in Q4 — tied to China’s Golden Week and seasonal softness — before the next leg of the bull market explodes in 2026. His strategy? Hold physical metals, trim into strength, and stay ready to buy the dips.

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