QUESTION: You first publicly forecasted that gold would attain $5,000 per ounce in late 2009, particularly on November 7, 2009. You mentioned the earliest can be $5,000 by 2016 if there was worldwide warfare. However you mentioned that the $5,000 goal can be extra probably by 2027 to 2032. I consider you mentioned your excessive goal was $12,000 however that was not extremely probably. You accurately mentioned that 2015 was the low on a 3-year correction and gold was simply $1100 once you made that forecast. Has something modified in practically 10 years?
Pete
ANSWER: The principle motive why I’ve tried to open Socrates to the world is in hopes that after 2032, we might enter an preliminary Darkish Age that means that society will fragment as nations break aside and we will probably be given the chance to recreate authorities from scratch. My interpretation shouldn’t be at all times appropriate. I’ve said many instances when I’ve tried to defeat my very own pc, I’m at all times mistaken. No human is ever 100% infallible. We’d not be human in any other case.
That mentioned, nothing has modified. I perceive that folks assume if you happen to can’t forecast the place gold will shut tomorrow, how will you forecast 10 years prematurely? The reply is opposite to what individuals perceive. There may be a variety of noise within the system. Whether or not gold closes $10 increased or $20 decrease tomorrow does NOT change the long-term development. I used to be a hedger. I wanted to create a mannequin for the foremost films – not for day buying and selling.
This 12 months 2025 was a MAJOR goal for a turning level. The subsequent one in 2027. That’s the place the pc nonetheless picks up considerably rising volatility from there into 2032. I nonetheless see that the thought of peace in Europe will probably be unfavourable for costs. However I don’t see a 19-year decline as the pc projected in 1980, which was why I started to retire.
