Gold traded $1,660 an ounce on Friday, a 13 percent decline from its record high of $1920 set in 2011, when Europe’s debt crisis had its peak. After a substantial decline, some analysts are – quite audaciously – suggesting that gold could very well hit $13k in the next 10 years.

Writing at MSNCB, Javier David shows that regardless of the recent fall in gold price, the yellow substance still has many believers:

“Anthem Blanchard CEO of Blanchard Vault, a retail gold and silver supplier, maintains an eight to 16-year target on gold of $13,000 – an aggressive call even for a gold bug.”