Over the years only 42 pundits have been bold enough to provide a specific date as to when their forecast for the future price of gold (and silver, in some cases) would be realized. This article provides that information along with the criteria & rationale for their determinations.
The information below, compiled by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), consists of edited excerpts from a host of articles containing additional and updated forecasts by various pundits.
Yes, there are hundreds of other individuals who have taken upon themselves to forecast the future price of gold (and, in some cases, silver), but none to my knowledge have been bold enough to provide a specific date as to when. The forecasts of most of the big banks have been excluded as they are all extremely pessimistic in their efforts to suppress gold’s price and reap financial benefit in doing so.
Should you become aware of someone not on this comprehensive list please forward the URL of the article to my attention at editor(at)munKNEE(dot)com or mention it in the Comment section at the very bottom of the page. Thank you.
To access the original article in which the price/date predictions below were made please do a Google search of the quote provided in italics.11 Analysts See Gold Reaching Peak Price by 2015 Latest
- Dennis van Ek: $9,000; Gold prices could eventually hit $9,000 per ounce in 2015
- James Turk: $11,000; Turk is still expecting a 1:1 ratio for the gold price to the Dow Jones Index between 2013-15 as he predicted years ago but he has since upgraded his forecast of the peak gold price from $8,000 to $11,000.
- Ronald-Peter Stoeferle: $8,300; The Erste Group, an Austrian investment bank, says the “80-20 rule” (that states that 80% of the effects of something come from just 20% of the causes) can be applied to the current bull market in gold, and following this line of thinking, you get an $8,300 price target for gold by the spring of 2015.
- Chris Mack: $6,241; Taking into account 11 key measurements based on historical movements and price ratios, gold is likely to exceed $5,000 within the next 5 years (i.e. 2015)
- Stephen Leeb: $5,500; A look at the ratio between gold prices and the Gross World Product (like GDP, but for the entire planet), before inflation…[suggests a] five-year target [i.e. mid-2015] for gold…[of] $5,500 per ounce assuming that the process of currency debasement will be no worse than it was in the 1970s.
- Charles Morris: $5,000; Gold will rise until USD 5,000 an ounce in five years [i.e. 2015]
- George Maniere: $5,000; The prices of gold and silver based on the debasement of currencies are in my opinion very cheap. I will go on record right now and say that by 2015 gold will be $5,000 an ounce and silver will be $125 an ounce, and I have had some very smart people tell me that my projections are too low.
- Ian Telfer: $5,000; The price of gold…will likely hit $5,000 within three years [i.e. 2015].
- Robin Griffiths: $3,000 – $12,000; A lot depends on how aggressively paper monies get printed from here on in [but] I think…[the run-up in gold] will be over by 2015. I think $3,000 is an absolute minimum target. I can believe in targets certainly above $5,000 and it’s theoretically possible to go to $12,000.
- Rolf Schneebeli: $3,600; Price surge could even surpass $3,600 per ounce on the back of unbridled money supply by 2015.
- Michael Berry: $3,000+; I don’t do point estimates very well, but it’s possible you could see $3,000 gold in the next five years [i.e. 2015] . I think that’s very possible. I also believe it’s possible that you could also see $50 to $75 silver in the next five years.
Average 2015 Peak Parabolic Price Predictions: $5,876 – $6,967
8 Analysts Sees Gold Reaching Peak Price by 2016 Latest
- Martin Armstrong: $5,000+; A rally into 2016 for gold to $5,000+
- Rob McEwen: $5,000+; I think you’ll have a spike at or above $5,000 [by] 2015 or 2016.
- Barry Dawes: $5,000; We are bullish on gold and if you examine the historic price trends for gold, and we have to look long-term, a parabolic curve emerges that comfortably pushes the price to $5,000 in four years time [i.e. 2016]
- Ron Rosen: $4,300; I expect the gold price to hit $4,300 in early 2016 and the silver price at over $148 sometime in early 2016. It’s as clear to me as the sun rising and setting.
- Peter Krauth: $3,700; By the time the next election rolls around in 2016 we could be looking at $3,700 gold and silver may be trading at $95. Frankly, I could see both of these levels easily surpassed.
- Mitch: $3,500; the next stage of this bull market in…[gold] leading into $3,500 by 2016.
- Jim Sinclair: $3,200 – $3,500; Gold will be $3,200 to $3,500 an ounce by 2016 and, by 2020, “emancipated” [??] gold will be $50,000 per ounce.
- Vronsky: $3,022 – $4,470; The price of gold may reach $3,022 – $4,470 by 2016 depending which Fed’s Balance Sheet CAGR yield is applied (14.8% or 26.6%). Obviously, these future gold price estimates are NOT set in stone as many, many factors can affect the gold value up or down.
Average 2016 Peak Parabolic Price Predictions: $4,090 – $4,309
11 Analysts See Gold Reaching Peak Price by 2017 Latest
- Nick Barisheff: $10,000; If history is any example, it’s a safe bet that government…debt will cause the price of gold to rise to $10,000…over the next five years [i.e. 2016/17]
- Aubie Baltin: $6,200; It’s highly likely that this Golden Bull repeats percentage-wise what it’s 1970’s brother did…1970’s was $35 to $850 or 2430%; 2001 to 2017 would be equal to 2430% X $255 or $6200.
- Tim Iacono: $5,000; I wouldn’t be surprised if, in another eight years – in 2017 – the yellow metal fetches $5,000 an ounce or more.
- Larry Edelson: $5,000; Gold will likely fetch well over $5,000 an ounce a few years from now  and silver better than $125 a troy ounce.
- Robert McEwen: $5,000; Gold reaching $5,000 an ounce in three to five years [i.e. 2015-2017].
- Mitch: $5,000; A test of $5,000 by 2017.
- GE Christenson: $4,000; Extend national debt and gold prices forward for the next five years based on the exponential increase from the last five years, and the result is a price of $4,000 by November 2015 earliest and June 2017 latest.
- Jason Hamlin: $3,600; We are looking at a minimum price target of $3,600 for gold…[by] around the start of 2017. Silver forecasts a minimum price target of $100 in the same time frame.
- Juan Eduardo Morales Veas: $3,500; Gold will drop to $900 in Jan/Feb. 2015 and then go parabolic to $3,500 in Nov./Dec., 2016 or in Jan./Feb. 2017. Silver will drop to $15 in Jan./Feb. 2015 and then rise to $90 approx., in Nov./Dec., 2016 or in Jan./Feb. 2017!
- Ross Norman: $3,000 – $4,000; There is no sign of a bubble. Gold ought to be trading for $6,500 if adjusted for inflation, though $3,000-4,000 is my target within five years [i.e. 2017].
- John Henderson: $3,000+ With all of the money being printed worldwide, expect inflation to rear its ugly-head once again, a catalyst that could very well lead to the parabolic stage for Gold’s bull market, where it goes to $3,000 or even higher by 2015-2017.
Average 2017 Peak Parabolic Price Predictions: $4,845 – $4,936
3 Analysts Sees Gold Reaching Peak Price by 2018 Latest
- Chuck DiFalco: $6,000; My assessment that gold can reach $6,000 per ounce by 2018 is not preposterous… When gold rises toward two grand per ounce, you should not think the price is too high. Just don’t hold onto your gold like those die hard gold bugs who still have the bullion they bought in 1980. There will be opportunities to sell gold positions within the next decade. When gold gets closer to 6 grand per ounce than 1, I will look for the trade to be over.
- Louise Yamada: $5,200; Ms. Yamada sees $5200 by 2018 (video)
- Dr. Doolittle: $3,648; Based on Fed continuing to increase its Monetary Base and Money Supply by a CAGR yield of 16.5% gold will rise to $3,648 per ounce by 2018 (and silver to $66 per ounce based on a CAGR yield of 17.1% or possibly to $215 per ounce should the gold/silver ratio reach 17:1 as it was at its peak in January, 1980).
Average 2018 Peak Parabolic Price Predictions: $4,949
3 Analysts Sees Gold Reaching Peak Price by 2019 Latest
- James Rickards: $7,000 – $9,000; Gold…is technically set up for a massive rally…in the range of $7,000 to $9,000 per ounce…[in] three to five years [i.e 2017-2019]…based on a collapse of confidence in the dollar and other forms of paper money.
- Laurence Hunt: $5,000 – $6,000; I am expecting an ultimate high in the gold price in perhaps the $5-6000 range in approximately 2019, assuming that we don’t slip into hyperinflation – in which case the price of virtually everything – including gold – will be dramatically higher than today, due to a currency collapse.
- Rolf Schneebeli: $3,000 – $4,000; Gold prices are expected to reach $3,000 to $4,000 per ounce in the coming five years [i.e. 2019]
Average 2019 Peak Parabolic Price Predictions: $5,000 – $6,333
6 Analyst Sees Gold Reaching Peak Price by 2020 Latest
- Peter Schiff: $5,000 – $10,000; Predicts a price of $5,000 to $10,000 an ounce in the next 5 to 10 years [i.e. 2015-2020].
- DoctoRX: $20,000; If gold were to continue averaging a compounded price appreciation rate of 11.66% from the 1975-6 price of $140/ozt. until 2020, one gets $20,000 per troy ounce.
- David Petch: $7,000 – $10,000; The price of gold is likely to top out near $7-10,000 per ounce by 2020.
- Yan Chen: $5,000; Gold prices may soar to as much as $5,000 an ounce by 2020 on slowing production growth and increasing demand from China and India. (Also see video)
- Barry Elias: $4,000; By 2020, a justifiable price for gold is roughly $4,000 per ounce
- Chris Weber: $3,000; My price target for gold was and still is $3,000 by 2020.
Average 2020 Peak Parabolic Price Predictions: $7,333 – $8,667 ($4,000 – $5,333 excluding outlier of $20,000)
There you have it. Now you know the best guess of all the analysts who are on record as to how high – and how soon – gold is expected to go before the bubble bursts. Such information should prove invaluable in determining your investment approach, choices and time horizon.
Follow the munKNEE on Twitter
Again, should you become aware of someone not on this comprehensive list please forward the URL of the article to my attention at editor(at)munKNEE(dot)com or mention it in the Comment section at the very bottom of the page. Thank you.
Post a Comment on this article (Scroll down to bottom of page)
It is my contention that the price of gold rallies whenever the U.S. dollar’s real short-term interest rate is below 2%, falls whenever the real short rate is above 2%, and holds steady at the equilibrium rate of 2%. Furthermore, for every one percentage point real rates differ from 2%, gold moves by eight times that amount per year. So if the real rates are at 1%, gold will move up at an 8% annualized rate. If real rates are at 0%, then gold will move up at a 16% rate (that’s been about the story for the past decade). Conversely, if the real rate jumps to 3%, then gold will drop at an 8% rate. [Let me explain.] Words: 982
Recently I discovered a website which tracks pundits in finance (and politics and sports). Check it out to see how many of the calls and predictions of your favorite prognosticators have turned out to be true. You’ll be surprised and, no doubt, disappointed! Read More »
Nobody can predict what the stock market will do so basing your investment decision on market or economic predictions is a fool’s game. Read More »
New research shows that forecasters tend to underestimate the expected outcome of anticipated economic data for several months in a row, and then overestimate it for several months in a row thereafter. Why does that matter? Read on. Read More »