Wall Street veteran Milton Berg predicts the S&P 500 index and gold will each reach 10,000 by the end of the decade [1, 2].

This projection suggests a rare scenario where both traditional equity markets and safe-haven assets experience simultaneous, aggressive growth. Such a trajectory would signal an unprecedented expansion of market valuations and a significant shift in the pricing of precious metals.

Berg, the CEO of Milton Berg Advisors, said the current market movement is a historic rally [3]. He said there is "no reason at all to doubt this rally," according to reports [3]. This confidence follows his previous call regarding the market bottom in April 2025 [3].

Under this "double 10K" scenario, the S&P 500 index would climb to a level of 10,000 [1]. Simultaneously, the price of gold would rise to $10,000 per ounce [1]. Berg said these targets are achievable by 2030 [1, 2].

Investors typically view gold and stocks as opposing hedges, where one rises while the other falls during periods of economic instability. However, Berg's forecast suggests that both asset classes can maintain upward momentum together, a trend that would redefine standard portfolio diversification strategies.

Berg said, "There's no reason at all to doubt this rally."

“The S&P 500 index and gold will each reach 10,000 by the end of the decade.”

A simultaneous surge in both the S&P 500 and gold to the 10,000 mark would imply a market environment characterized by high liquidity and potentially high inflation. While stocks typically reflect corporate growth, gold often reflects a lack of confidence in fiat currency; both rising together suggests a systemic devaluation of currency that drives nominal prices higher across all asset classes.