The top trends forecaster in the world who correctly predicted 2025 would be a Golden Year for Gold, just added to his prediction by stating the price of gold may be unleashed even higher on the upside as crypto money begins entering the gold market.
Michael Oliver’s audio interview has now been released! (Link below) discussing gold futures breaking above $3,700 this week and silver surging above $42 along with strong advances in the mining stocks! For now…
TOP TREND: Another Golden Year For Gold
September 11 (King World News) – Gerald Celente: PUBLISHER’S NOTE: As Trends Journal subscribers well know, we have been bullish on gold. And again, by the facts, we had forecast when prices would go down and when they would go up. And in 2024, we had forecast a Golden Year for Gold… which it was.
Now, that reality has hit The Street.
As geopolitical and economic conditions continue to deteriorate, gold prices will keep rising. Here is the latest from the mainstream media:
GOLD RISES TO NEW RECORD ON RATE CUT PROSPECT, COULD NEAR $5,000
Gold’s price surpassed $3,600 on 6 September and seems on its way to at least $3,700, analysts said.
Last week’s poor jobs report, slipping yields on U.S. treasury securities, and unrelenting demand from central banks all are driving prices higher, Trading News reported.
Gold’s price has shot up more than 35 percent already this year as investors have grown jittery about U.S. debt and the dollar’s future in an increasingly uncertain world with multiple economic polarities. The dollar’s value and U.S. treasury yields have been trending down for several months.
Fears that Donald Trump will compromise the independence of the U.S. Federal Reserve also have driven investors to the metal, seen as a haven in times of economic turmoil.
Trump has demanded the Fed slash its key interest rates. If he is able to exert his will at the central bank, inflation would likely come back to life and prices would rise, possibly sharply. That would erode the value of U.S. government securities.
“A scenario where Fed independence is damaged would likely lead to higher inflation, lower stock and long-dated bond prices, and an erosion of the dollar’s reserve currency status,” Daan Struyven, Goldman Sachs’ co-chief of commodities research, confirmed to the Financial Times.
The central bank is widely expected to lower its policy interest rate next week. Because gold pays no yield, lower interest rates make it more competitive with other investments, especially during uncertain times.
Struyven sees gold reaching $4,000 within a year. If investors move out of dollar-based assets in a big way, the price will continue rising, he said.
“If 1 percent of the privately owned U.S. treasury market were to flow to gold, the gold price would rise to nearly $5,000,” he forecasted.
Donald Trump has tried to drive Fed governor Lisa Cook off the central bank’s board with dubious charges of mortgage fraud. Cook has vowed to remain and has taken the Trump administration to court.
Before Trump attacked Cook, Pictet Asset Management was considering shifting some assets out of gold, portfolio manager Arun Sai said to the FT. “But…recent events have given us confidence to stay with gold.” His portfolio is “double-weight” in the metal, he added.
“Gold’s rally is set to be heavily influenced by how much the Fed’s rate-cutting path adheres to market projections,” Han Tan, chief market analyst at Nemo.money, wrote in a note.
“It still enjoys enough fundamental tailwinds, from central bank purchases to safe-haven demand—especially if trade tariffs take a meaningful toll on global economic growth— going into next year,” he added.
Spot gold prices shot up 27 percent last year and topped $3,000 for the first time in March “as uncertainty around U.S. President Donald Trump’s trade policies sent investors flocking to the safe-haven asset,” Reuters said.
“All the indicators, fundamental and technical, point toward a sustained rally,” metals trader Hugo Pascal at InProved, told Reuters. “As always, we might not go up in a straight line, but we are in ‘buy the dip’ mode.”
TETHER MULLS MOVING INTO GOLD
Tether, the world’s largest stablecoin issuer with a market capitalization of $168 billion, has been in discussions to channel some of its wealth into gold, the Financial Times reported.
Tether executives have been talking with representatives of various companies and investment funds about ways to profit from the gold supply chain, from mining to refining to trading, people familiar told the FT.
Tether also has met with officials of several royalty companies, which back mining ventures in return for a percentage of future profits, the sources added.
Gold is like “a natural Bitcoin,” Tether CEO Paulo Ardoino has said.
A stablecoin is a digital currency with a value linked one-to-one with a national currency, the dollar in Tether’s case. Because every stablecoin has to be backed by a dollar, stablecoin issuers typically buy U.S. treasury securities to match the value of the coins they have in circulation.
Tether is among the largest holders of U.S. treasury securities and collects interest on that investment. The company already has used a portion of that wealth to amass $8.7 billion worth of gold bullion, stored in a Zurich vault. It uses that asset as a guarantee for a portion of its stablecoin issue.
In June, Tether’s investment arm paid $105 million for a minority position in Elemental Altus, a Toronto investment firm focused on copper and gold.
“I know people think Bitcoin is digital gold,” he said to the FT. “I prefer to think in Bitcoin terms. I think gold is our source of nature.” He has expressed a view that gold is a safer asset than any national currency and is a natural complement to Bitcoin.
Michael Oliver Says Wise Investors Are Going To Make A Fortune
To listen to Michael Oliver discuss gold futures surging above $3,700 this week, silver futures hitting $42.98 and mining stocks surging CLICK HERE OR ON THE IMAGE BELOW.
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