USD $4,127.96
Wayne McCrae Part 1: Wednesday, 25 February
Part 2 (Final Forecast): Friday, 27 February
Forecast by Wayne McCrae
Gold miner, 3rd generation,, 55 Years mining in Australia & Africa, Kalgoorlie WA. Former CEO (ASX Top 200).
55 years in African gold mining and production.
This is a comprehensive research, investigative, and analytical report—honest and grounded—based on historical, current, and forward-looking data inputs, computed into an “as factual as possible” gold forecast.
It is what it is.
However, as we all know—there are sunny days, and there are cyclones.
What This Forecast Considers
This forecast is based on more than 50 scenarios, including (but not limited to):
- Historical gold prices
- Historical, current, and forward-looking economic and geopolitical conditions
- Currency reserve accumulation by central banks
- Third-party influences (Bitcoin, bonds, international gold trade)
- The impact of major global conflicts (including potential World War III/IV scenarios)
- Central bank shifts away from the $US
- Changes in global power structures
- Potential currency sacrifices or collapses
- Sovereign risk of gold-producing nations
- Global debt levels and repayment capacity
THE START
(Short version—won’t bore you, but worth knowing)
Let’s start with mankind using metals as currency.
Metals were used as early as the 4th millennium (3,500–3,000 BC).
The first known gold coin—a mix of river gold and silver—was minted in the Kingdom of Lydia (modern-day Turkey), around 600–550 BC.
The first pure gold coin was minted by King Croesus (550 BC) in Lydia, later conquered by the Persian Empire under Cyrus the Great (539 BC).
Why Gold?
Gold (like silver) became the most important monetary metal because:
- It is rare
- It cannot be reproduced
Unlike paper currency.
At the rate money is being printed globally, we may run out of paper before we run out of gold. Eventually, there could be so much paper that it becomes as rare as gold once was.
The Big Question
There lies the question for every economic and analytical “genius”:
What will the future gold price be?
Put simply:
They don’t know.
If they did, they’d be writing this article.
Experts, analysts, and forecasters all have one thing in common:
Disclaimers.
Many simply forecast what they are told to forecast—and then build a narrative around it.
We all know that. It’s no secret.
Modern Gold History (US-Centric)
Let’s focus on American gold history—because at the end of the day, it’s what matters.
The $US remains the dominant currency in global trade.
Key Moments
- 1834 (Coinage Act): Gold priced at $US20.67/oz
- 1933–1934 (Roosevelt): Raised to $US35/oz to combat the Great Depression
- 1971 (Nixon): End of the gold standard
- 1980: Gold spikes above $US800/oz
- 1981–2000: Range-bound between $US250–$400/oz
- 2000–2026: Bull run driven by inflation, crises, and geopolitics → $US5,000+
The Multiples
From $35 (1933) to ~$5,100 today
= 145.7x increase
Even higher if measured from the original $20.67 price.
These multiples are almost impossible for the human brain—or even AI—to fully comprehend.
Yet history has a habit of repeating.
Why People Still Don’t Get It
Back in 1834—or even 1980—no one could imagine these outcomes.
And yet, here we are.
Today, the same limitation exists.
Why?
Because:
- “Experts” stay conservative
- Forecasts are kept within acceptable ranges
- Real opinions are suppressed to avoid looking “out of touch”
- No one wants to spook markets—or their handlers
So forecasts remain boxed in.
What the Market Is Missing
There is far more to the gold market than Western economic thinking currently recognises.
Example: Rare earths
They are not rare. They are abundant—just unevenly distributed.
(There is a message here.)
Countries rich in “rare” resources are being quietly targeted—not loudly, but strategically.
Smart nations are already investing—subtly—in gold-rich countries.
Meanwhile, most people are staring at screens, watching trends…
…missing the bigger picture.
They can’t see the forest for the trees—until the bird has flown.
The Golden Rule
Gold can buy anything. Even rare earths.
Never forget:
“He who has the gold makes the rules.”
(And often buys the rules.)
Example:
When China (via HKEX) acquired 100% of the London Metals Exchange (LME)—the entity that helps set global metal prices—
where were the so-called experts?
Asleep?
Strategic Reality
Countries rich in gold are becoming long-term strategic targets.
Think 20 years ahead:
- If only one country produced oil → global focus
- If only one country grew coffee → global dependence
Gold is no different.
Western markets and political systems are largely blind to this.
Why That Matters
That’s why the above context matters.
WHO IS BUYING GOLD — AND WHY?
Gold:
- Has no intrinsic yield
- Pays no dividend
- Pays no interest
And yet—
In 2025, gold’s annual return outperformed the combined:
- S&P 500
- NASDAQ
- NASDAQ 100
Gold is:
- A global stabiliser in inflation
- A hedge in currency crises
- A store of value in financial instability
And now:
The world’s #2 reserve asset (behind the US$), having overtaken the Euro.
What Comes Next
Part 2 — Friday, 27 February
I didn’t want this to be long-winded, but I also didn’t want to leave anything out.
Part 2 will walk through exactly how this leads to a realistic forecast for gold prices in 2030 and 2050.
Also—this was typed on a phone…
Not entirely sure how to save it properly on a computer. 😂
