Quote of the Day
The price of gold is rapidly approaching the S&P 500 stock price index. If the S&P 500 reaches 10,000 by the end of 2029, as we expect, gold should trade at $10,000 if our trend analysis is correct.
Ed Yardeni
December 16, 2025
Forget the bond vigilantes. It’s the gold vigilantes you need to worry about.
See also Long-time strategist Ed Yardeni sets surprise 2026 gold price target and Gold price could hit $10,000 by 2029 end, says Ed Yardeni – CNBC TV18.
Be aware, of course, another way to think of this is that dollars are dropping in value at this rate.
Prepare appropriately.
As a person who “was not involved in this study”, I think that ordinary market forces are a continuing component of price change. Just for one, the tension between supply and demand never sleeps.
1) Dollar dropping in value
2) China buying up physical gold
Both contribute to higher gold prices in dollars.
But platinum and silver also also spiking, and that started early in 2025 after a decade of trading in a narrow range. So either the supply of all these metals has dropped, China is buying all of them very recently, or the dollar is an anaconda sleeping off a huge meal of inflationary deficit spending, larger than before.
Forget the politicians; they’ll spend all day long as long as they keep their power, status and pay. You just can’t seem to get the voters to figure out that a weak currency is a national defense problem, not just a kitchen-table issue.
Yup, and China is using our bonds to buy the metal. Which is a double whammy to our inflation figures.
In 1965 the minimum wage was $1.25. That’s 5, 90% silver quarters. Today’s value of $65.00. (paid in paper.)
So, not even paper wages have kept pace with real inflation. Plus, the value of your money has been stolen.
But all this should serve as a wonderful reminder that even governments/elites know and have known all along what real money is. The trick was always the long game to steal your money’s value. And it has worked beyond their imagination.
It’s no longer a wonder why elites are digging bunkers. (not you Joe) They know the pitchforks are going to be coming out sooner or later. (probably sooner).
Cause the 2029 figure doesn’t reflect the damage being done to people’s lives.
Only the projected increase in dollar amount needed to purchase the metal.
One only needs to invert the chart of gold price, to see the lowering of one’s standards of living.
And I predict beans, rice, and ammo will be going up even steeper than gold prices before and if we get to 2029.
At current rates it will reach $10K before then….
Agreed. But one can imagine some profit taking along the way to slow things down from the current trajectory.