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With 2013 just round the corner, James Turk of GoldMoney provides an update to a longstanding forecast he made back in 2003 in Barron’s. This interview was widely talked about because whilst the gold price was USD350 at the time, James stated that he envisioned the gold price to be around USD8,000 sometime between 2013-2015.

Now 9 years later, James looks back on this forecast and explains how this original price target was determined. As this timeframe is approaching, James goes on to update this forecast considering the current economic climate.

His conclusion? Gold is going to exceed $8,000.

And here’s the referenced article ‘The Barbarous Relic – It Is Not What You Think’ and the presentation ’Everyone should have a precious metals portfolio’