# Peter Schiff: Gold to $5,000 by Oct 25, 2014

Updated Sep 29, 2026 · Web page: https://predictionverifier.com/predictions/peter-schiff-gold-5k-by-2014/

Peter Schiff's prediction that Gold would reach $5,000 by October 25, 2014 did not come true. Gold's best close before the deadline was $1,753 on November 23, 2012, 65% below the target. Peter Schiff made the call on CNBC on October 25, 2012, when Gold was at $1,702. The target needed a 194% rise in two years.

| Field | Value |
|---|---|
| Status | Missed |
| Person | [Peter Schiff](https://predictionverifier.com/people/peter-schiff/) |
| Asset | [Gold (XAU)](https://predictionverifier.com/assets/gold/) |
| Outlet | CNBC |
| Said on | Oct 25, 2012 |
| Quote | “Runaway public spending combined with excessively loose monetary policy by the Federal Reserve and other global central banks will push gold to $5,000 per ounce within the next two years, noted investor Peter Schiff said Thursday.” |
| Price when said → target | $1,702 → $5,000 |
| Change | +194% from the price when said |
| Deadline | Oct 25, 2014 |
| Deciding close | Best close before the deadline: $1,753 (Nov 23, 2012) |
| Source | [CNBC](https://www.cnbc.com/id/49550053) |
| Archive | [Archive](https://web.archive.org/web/20240305153700/https://www.cnbc.com/id/49550053) |
| How we check | [How we check predictions](https://predictionverifier.com/how-we-check-predictions/#touch) |
| Public ID | #b9b4a |

## What was said

[Peter Schiff](https://predictionverifier.com/people/peter-schiff/) · Chief Economist and Global Strategist, Euro Pacific Asset Management

CNBC, Oct 25, 2012 · [Source](https://www.cnbc.com/id/49550053) · [Archive](https://web.archive.org/web/20240305153700/https://www.cnbc.com/id/49550053)

> Runaway public spending combined with excessively loose monetary policy by the Federal Reserve and other global central banks will push gold to $5,000 per ounce within the next two years, noted investor Peter Schiff said Thursday.

Schiff attributed the expected rise to runaway public spending and loose monetary policy by the Federal Reserve and other central banks. He argued that the Fed's bond-buying would eventually lead to hyperinflation and a sharply devalued dollar, leaving people little choice but to hold gold. He also said he expected a monetary and dollar crisis in the U.S.

## How we checked this

The prediction comes true if any daily close from Oct 25, 2012 to Oct 25, 2014, inclusive, is at or above $5,000. Prices are daily spot closes in USD per troy ounce, not intraday highs.

- Price when said: $1,702 (Oct 24, 2012) · [price data](https://www.cnbc.com/quotes/XAU%3D)
- Deciding close: $1,753 (Nov 23, 2012) · [price data](https://www.cnbc.com/quotes/XAU%3D)

[How we check predictions](https://predictionverifier.com/how-we-check-predictions/)

## Other Gold predictions

- [Ed Yardeni: Gold to $5,000 by Dec 31, 2026](https://predictionverifier.com/predictions/ed-yardeni-gold-5k-by-2026/) · Hit · $3,886 → $5,000 · Deadline Dec 31, 2026 · #6976a
  “We are now aiming for $5,000 in 2026”
- [Robert Kiyosaki: Gold to $30,000 by Dec 31, 2035](https://predictionverifier.com/predictions/robert-kiyosaki-gold-30k-by-2035/) · Open · $3,327 → $30,000 · Deadline Dec 31, 2035 · #9405d
  “I strongly believe, by 2035, that one Bitcoin will be over $ 1 million, Gold will be $30,000, and silver $3,000 a coin”
- [Robert Kiyosaki: Gold to $3,300 by Aug 31, 2025](https://predictionverifier.com/predictions/robert-kiyosaki-gold-3300-by-2025/) · Hit · $2,401 → $3,300 · Deadline Aug 31, 2025 · #527f3
  “I predict gold will rise from $2,400 an ounce to $3,300; silver from $29.00 an ounce to $79.00; and Bitcoin from $67,400 per coin to $105,000 by August 2025”
- [Robert Kiyosaki: Gold to $5,000 by Dec 31, 2025](https://predictionverifier.com/predictions/robert-kiyosaki-gold-5k-by-2025/) · Missed · $1,865 → $5,000 · Deadline Dec 31, 2025 · #b6d5b
  “By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000.”
- [Robert Kiyosaki: Gold to $3,800 by Dec 31, 2023](https://predictionverifier.com/predictions/robert-kiyosaki-gold-3800-by-2023/) · Missed · $1,804 → $3,800 · Deadline Dec 31, 2023 · #f9e0a
  “I predict silver going to $75 and gold to $3,800 in 2023.”

## More on this prediction

- [Peter Schiff's price predictions](https://predictionverifier.com/people/peter-schiff/)
- [Gold price predictions](https://predictionverifier.com/assets/gold/)

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