Gold's long-term price target is $3,000 to $5,000 - Wealth Management

But bullion price could hit $1,000 in the short term, he cautions

"It's been a very difficult year for commodity markets but especially for gold and for silver, which had a really amazing performance over the past 10 years already," Superfund COO Johann Santer tells ET Now in a June 25 interview.

"It's not totally surprising as we have seen a shift also within asset classes going from commodities and especially gold and silver that are very liquid assets to more equity programs and also temporarily gold has been under a lot of pressure. Where do I see the next resistance lines? The next one obviously is at $1,200, which is just the next near-term line. But the very big one is going to be $1,000 an ounce, and the next one, one and a half years could still be very difficult for gold and silver, but in the long run, we strongly believe that gold and silver are really poised for a breakout as it's the only true currencies in our opinion out there in the market. ... We at Superfund, we have a target -- a long-term price target -- for the next five to 10 years where we could see even gold going up to $3,000 to $5,000 an ounce -- of course, a very aggressive one, but with all the stimulus that has been created, it would not be totally unexpected."

More information can be found online at http://www.goldbullionadvisors.com