Gold Tops $4,000 – Doubling in Under 2 Years
On Tuesday, October 7, gold on the futures market pierced the $4,000 level. Gold did not reach $3,000 until mid-March 2025, and now it has crossed $4,049 – less than seven months later.
As we reported here last week, very few of the major banks on Wall Street predicted much more than $3,000 gold in 2025 – at the start of the year – but they kept raising their estimates as, or even after, the price of gold rose. That strategy kind of misses the point of making a prediction.
There is one refreshing exception. On Monday, March 3, 2025, just after gold closed February at $2,836, investment advisor and economist Ed Yardeni made his first gold prediction of the year, writing: “The recent pullback has been very moderate so far. We are targeting (not promising) a gold price of $4,000 per ounce by the end of this year and $5,000 by the end of 2026.”
Wow! Somebody on Wall Street had foresight. Unlike the mega-banking firms we quoted last week, Ed didn’t predict a moderate $3,000 and then keep raising his prediction as gold rose. Yardeni actually predicted a 41% increase in 10 months and it happened in just seven months. He also anticipates another 25% gain next year to $5,000. I don’t recall any other mainstream New York financial firm having the bravery to call for such high prices well in advance of the event. I would point out that a week or so before Yardeni’s prediction, I wrote that we could see gold above $5,000 in 2026.
Gold’s largest gain has been in the past month. Gold first crossed $3,500 the day after Labor Day, September 2, so it is up $500 in the last five weeks. In the longer term, gold started rising strongly exactly two years ago, after Hamas invaded Israel on October 7, 2023, launching a series of wars of retaliation in the Middle East. Gold closed at $1,830
the Friday (October 6th) before the attack on Israel, so gold has more than doubled in the past two years. Later that month in October 2023, I met with former Republican Presidential hopeful and Forbes publisher, Steve Forbes, and together we bravely predicted $2,500 gold in 2024 and gold quickly hit that mark.
Like Ed Yardeni, we believe this gold bull market will continue, as the rise of gold and silver are primarily a “sell the dollar” avalanche – by central banks, private investors and foreign bond buyers, among many others. The dollar is down to most other currencies this year, by an average of 10% so far, and those other currencies don’t provide much safety, either. The world is creating a “shadow gold standard” that has come “out of the shadows,” by accumulating gold frequently and openly.
Reasons to Buy from “Team Mike”
With gold prices rising so rapidly, you are probably seeing a lot more coin ads on television, the Internet and other forms of mass media being posted by a wide variety of dealers, some with very impressive or official-sounding names. Even Costco is selling gold now, but they don’t have the best price, nor do they have a return or exchange policy. When you seek out the best dealer, ask if they have long-term numismatists and recognized experts on their staff and make them show you the proof. As I always tell people, “Make them show you the coin plaques.” Most dealers advertising online and on television don’t have the same expertise and aren’t recognized as true experts in their field. The team here at Universal Coin & Bullion, dubbed “Team Mike,” has those qualifications.
Here is why you know you can trust Universal Coin & Bullion and our team of experts to help you along the route of your precious metals and rare coin journey.
Top Gold and Silver Choices
Quality & authenticity are assured because coins are selected by an actual gold, silver and rare coin expert who has taught grading and authentication seminars for a national grading service. The coins we recommend are NGC-, PCGS- or CAC-graded. This means every coin you buy is of the quality and grade promised.
Proven Strategy For Our Portfolios
America’s Gold Expert®, Dr. Mike Fuljenz, continually creates demand, popularity and support for coins in select areas of his expertise by authoring award-winning books, articles and gold resources that draw new collectors, investors and dealers to these areas.
Trusted Expert. Industry Leader. Your Guide.
Dr. Mike Fuljenz is recognized by his peers for his expertise and leadership regionally and nationally, having been named Coin Dealer of the Year in 2021. He has won numerous awards from organizations like the Numismatic Literary Guild and the Professional Numismatists Guild. Mike’s passion is to ensure that customers are getting the very best information available, to make the best gold decisions possible. He has led organizations regionally and nationally by serving as a chairman, board member and officer. When he speaks or makes predictions, other market leaders listen!
Vault Inventory has Value
Universal Coin & Bullion carries an extensive inventory in our recommended areas so we can consistently deliver some of the best coin quality and value for our customers. Many other dealers don’t or can’t afford to carry hand-selected inventory and must hurriedly order other dealers’ leftover inventory when customer orders and payments are received.
Our customers typically receive first choice from hand-selected, quality coins that are available on the market because of The Mike Fuljenz Gold Expert Advantage. With over 50 years of experience in the marketplace and an outstanding personal reputation, Mike and his team get the first or early pick of the best new coin deals in select recommended areas for our customers, which means many other dealers later get the leftovers for their customers.
Industry-Leading Quality Assurance and Exchange Policy
Universal Coin & Bullion offers the advantage of an industry-leading exchange policy after the end of the company’s 30-day return privilege, so our customers are better assured of owning a coin they like long term.
Great Prices When You Sell
Compared to other dealers, Universal Coin & Bullion typically pays very high buy prices to our customers for coins they routinely sell and need. Because we have so many customers nationwide for select gold coins and our inventory moves quickly, the prices Dr. Mike Fuljenz offers to buy coins often substantially exceed offers from other dealers nationwide. As America’s Gold Expert®, Mike also typically pays considerably higher prices for gold coins in the select areas he specializes in compared to what customers often net from auctions, which typically include substantial buyer and seller fees.
Gold topped $4,000 on the futures market, up from just $3,500 at the start of September, an impressive run that has finally generated some notice in the newspapers. However, percentage-wise, silver and platinum have risen more and faster, so this surge extends beyond gold to the entire spectrum of precious metals: Silver is up from $36 on July
1st to $49 now.