$123 (excl inflation).
THink about it, anyone convinced it would be way higher would buy more, anyone thinking it would be way lower would sell.
The current price is an exact reflection of what we all combined think it will be worth in the future. A much better indicator than your poll.
Anyone expecting $123 in 2025 would most likely sell, causing prices to drop, and buy something they expected to be higher in the future... I know I would.
$123 adjusted for inflation. Your reasoning also doesnt make a lot of sense, are people selling gold when they expect gold to remain stable compared to an inflation adjusted dollar? Are they not buying government bonds anymore that barely keep pace with inflation?