Gold (then about $1,100/oz) will reach about $5,000 an ounce within the next several years (read as by end of 2016).
Right, but late ●●●●●
“I think $5,000 is a reasonable expectation of where gold is headed over the course of the next several years, based on monetary and fiscal policy that is in place.”
- Said on
- 11 December 2009 · Interview with The Motley Fool (edited transcript published Dec 11, 2009). "Several years" read as about seven years, to end-2016.
- Source
- The Future of Gold, the Dollar, and More · The Motley Fool
- Should come true
- 2016
- How sure they sounded
- I think; a reasonable expectation
- Categories
- Markets
- Importance
- 3 of 5 · A major gold price call that matters to the precious-metals market and reserve managers.
Outcome
Right, but late Happened 26 January 2026.
Gold did not reach $5,000 within "several years". It was about $1,060 in December 2015 and ended 2016 around $1,150. Gold first passed $5,000 an ounce around January 26, 2026, about 16 years after the statement. I read "several years" as about seven (to end-2016); any reasonable reading of "several" gives the same result.
- https://www.cnbc.com/2015/12/20/the-peter-meter-assessing-schiffs-predictions.html
- https://seekingalpha.com/news/4542296-gold-tops-5000-per-ounce
History
- 2026-10-17 00:05:04 · created by claude
- 2026-10-17 00:05:04 · categorized by claude
- 2026-10-17 00:06:39 · scored by claude
- 2026-10-17 00:06:56 · categorized by claude