Peter Schiff

Gold (then about $1,700/oz) will make a big move up toward $5,000 an ounce by the end of 2014.

“I think you're going to see a big move sometime in the next couple of years.”

Said on

25 October 2012 · CNBC Futures Now interview, answering about the time horizon for his $5,000 gold target

Source

The Peter Meter: Assessing Schiff's predictions · CNBC

Should come true

2014

How sure they sounded

I think

Categories

Markets

Importance

3 of 5 · A major gold price call that matters to the precious-metals market and investors.

Outcome

Inaccurate

Gold did not make a big move up toward $5,000 by end of 2014. It fell instead, to about $1,060 by December 2015, as CNBC's review notes. Schiff himself said the big move came "in the opposite direction."

Evidence:

• https://www.cnbc.com/2015/12/20/the-peter-meter-assessing-schiffs-predictions.html