Post by
Farquar on Sep 14, 2023 3:53pm
Avi Gilbert predicted gold to be 12,000$ in year 2025
So who is Avi Gilbert? He's an elliot wave guru and financial analyst.
He's been successful in predicting the moves in the US stock markets.
He successfully called the top in gold in 2011 and successfully called the low in 2015...
Back in June of 2015 he shocked the investment world with a prediction that gold would be 10X higher ( 10 x 1179.00 = 11,790.00 $US) by year 2025....
He said that gold would eventually hit 25,000 $US sometime between year 2035 and year 2065..
He predicted that the HUI gold index would be at 700 or 800 sometime between 2020 and 2022... Now in late 2023 the HUI is still at 225...
Avi Gilbert is a staunch believer that gold is NOT manipulated...
Now, how he came up with 12,000$ gold by 2025 and then later 25,000$, was by use of knowledge based on the 200 year Elliot Wave and by fibunacci math calculations..
When he came out with that public article in 2015, he said that of the over 700 comments , only a couple of people did not ridicule him or relentlessly bash him.. He said those positive comments were probably from gold bugs..But he was severely ridiculed for his gold price predictions..In the past 52 years, gold has gone on 2 major bull runs.. In 1971 to 1980 (9 years) gold went up about 25X ( 35$ to 875$)....in 2001 to 2011 (10 years) gold went from 250$ to about 1925$ for an increase of 7.7X.... So in this context, why is a prediction of a 10X increase in gold in 10 years, 2015-2025 so outlandish and ridiculous? Well, it's not ridiculous at all since there have been 2 major precedents in the past 50 years where gold has gone up 25X and 7.7 X...
Now since 2015 there are literally trillions of US dollars that have been printed out of thin air, not to mention 10's of trillions of other worthless fiat paper currencies around the world.. If this massive printing of fiat currencies had never occured, then it could have been said that Avi Gilbert was indeed a nut-job for such outlandish predictions..
But as it stands, Gilbert has proven to be a complete fraud and a baffoon, unless...unless the Federal Reserve has been intervening in the gold market and has blocked the rise in price of gold, to make their "king dollar" appear to be more valuable than it truly is...
The question is : is Avi Gilbert going to finally admit that the gold price has been suppressed or is he going to accept that he looks like a total baffoon, that he doesn't have a clue about what he's talking about?
Fortunately for him , he has reasonable people cutting him some slack because they know he is right.. They know that he is not incompetent. They know his predictions have fallen flat not because he's useless but because the Owners of the US dollar a.k.a. the Federal Reserve have been suppressing the gold price...
2025 is still over 15 months away, so it is still possible that his 12,000$ gold prediction will have come true.. I for one am still giving him the benefit of the doubt ..even though he naively has denied gold price suppression...
Comment by
Shlinker_ on Sep 15, 2023 12:02am
I think anyone who doesn't account for market manipulation is a baffoon. If he predicted 12,000/iz Au, and didn't take into account other factors aside from technical analysis, he's more of an idiot. End of story.