Those who accurately predicted the gold bull market now forecast
Gerald Celente, a master trend forecaster in the U.S., has long made some highly controversial yet very accurate predictions, once predicting that 2024 will be the "Golden Year."
Here is what he said during his media interview this week (compiled from audio):
Israel's attack on Iran is a significant event, and the situation is escalating. Trump's various statements will only make the situation more tense, and gold prices will rise even higher.
Today's headline is "Trump urges Iran to reach a nuclear deal, or it will have nothing," such statements are like adding fuel to the fire and will only escalate the war further. But if the war really escalates, Israel may resort to the 'Samson Option', which means using nuclear weapons in case of defeat. Iran is a country with a population of 91 million, while Israel's Jewish population is about 7 million. You don't need to be a math expert to understand that Iran is very advanced in technology, research, and military strength.
Now let's look at why gold prices will rise even higher. Trump will force Federal Reserve Chairman Powell to cut interest rates. Some say, "No, the Fed is independent," but you need to mature a bit. Back in 2018, Trump was president. In December 2018, the Dow experienced its worst December since the Great Depression of 1931. What did Trump do? He forced Powell to cut rates. How did Powell respond? He cut rates a month later in January 2019.
Who was the last U.S. Treasury Secretary? Yellen. What was her previous position? Federal Reserve Chairman, right? This is a group of people forming an interest group. Now, we hear Vance say they might cut rates because inflation numbers are low. This year, gold prices are very likely to break $4,000.
But if the war between Israel and Iran escalates, it will be a nuclear disaster, with unimaginable consequences. European countries—France, Britain, and Germany—have already called for a diplomatic resolution to the issue of Israel attacking Iran. Let me clarify one thing: if Israel attacks Britain, will Britain retaliate? If it attacks Germany, will Germany respond? Of course, they will. But they tell Iran not to fight back. Trump also said that if Iran retaliates, it would mean heading towards its end. Oil prices have risen from around $60 to $74 per barrel. If the war continues to escalate and oil prices exceed $100, it will crush the global stock market and the already precarious global economy.
I'm not sure if silver can hit a historic high, but it will definitely continue to rise.
By the way, I have held a bullish view on cryptocurrencies for almost ten years. But now, as the war escalates, the prices of Bitcoin and other cryptocurrencies are falling, while precious metal prices are soaring. People are pulling out of cryptocurrencies and investing in precious metals instead. I have been in the industry for 45 years and have never seen such a dangerous geopolitical period. This is not just my personal view; just listen to Trump and Israel's statements, and you'll see that the situation is escalating, and gold prices are rising accordingly. This is the reality.
Host: What do you think about the "unexpected" events that will occur in the remainder of 2025?
Answer: There will be another "internet bubble" collapse.
We have a slogan: "Opportunities are always missed by those who see the world through their own professional lens." Economists only understand economics, not geopolitics; they believe in their beliefs rather than the facts.
Why is there a new round of internet bubble collapse? We predicted the first internet bubble back in 1999: in the fall of that year, we said the bubble would burst in the second quarter of 2000, and it indeed happened, with the Nasdaq dropping by 80%.
Back in January of this year, you suddenly heard about a Chinese AI company called "DeepSeek," which is now the most widely used AI globally. When they emerged in January, Nvidia's stock plummeted 17% in one day, evaporating $600 billion in market value. Why? They said we don't need your high-end chips. Others spend $100 million to build AI; we only spend $6 million. China will lead the world in AI.
Trends have a life cycle: birth, growth, maturity, aging, and death. AI has only been around for 3 years, starting in 2022. Similar to the first internet bubble, we are now in the '2.0 version' of the AI bubble. Investors are over-investing in a bunch of new companies, IPOs, and startups. Just like when the internet revolution began, they are now frantically investing in AI, and the bubble is about to burst.
But the future of gold prices is bullish. I'm glad I hold gold. However, I'm also saddened because the reason for the rise in gold prices is so tragic.
