Gold's Parabolic Surge 'Very Unusual,' Says Popular Crypto Trader: Peter Schiff Says Precious Metal Could Hit $20,000

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• Gold's Parabolic Surge 'Very Unusual,' Says Popular Crypto Trader: Peter Schiff Says Precious Metal Could Hit $20,000</p>

<p>Aniket VermaOctober 2, 2025 at 5:05 AM</p>

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<p>Gold's Parabolic Surge 'Very Unusual,' Says Popular Crypto Trader: Peter Schiff Says Precious Metal Could Hit $20,000</p>

<p>Cryptocurrency analyst Michaël van de Poppe predicted Wednesday that gold could face a "significant" correction, even as the precious metal continues its bullish rally.</p>

<p>Not The Best Time To Buy Gold?</p>

<p>Van de Poppe took to X to share his thoughts on the ongoing surge in gold prices, finding the 47% year-to-date increase "very unusual."</p>

<p>"It's up 47% for the year, while the average is between 6-8% on a yearly basis," the analyst highlighted. "Very unusual occasion and I think that we're going to see a significant correction."</p>

<p>However, he did not specify a timeline for when the retracement could occur.</p>

<p>Van De Poppe added that gold's chart looked bullish, but it's not the "best time" to buy into the asset.</p>

<p>A massive monthly candle on Gold. It's up 47% for the year, while the average is between 6-8% on a yearly basis.Very unusual occassion and I think that we're going to see a significant correction. Will it be this month or later in the year?We'll see.Strong bullish... pic.twitter.com/O1g99nJtsJ</p>

<p>— Michaël van de Poppe (@CryptoMichNL) October 1, 2025</p>

<p>See Also: Amid Gold Rally, Economist Argues Mining Stocks 'Finally Leading Metals Higher,' Pasofino To Update Dugbe Mine Feasibility Study To Reflect Price Assumptions</p>

<p>Schiff Feels Otherwise</p>

<p>Van De Poppe's prediction contrasted sharply with that of economist Peter Schiff, who was convinced that gold's historic rally would not cool down.</p>

<p>"I think gold is not going to stop going up because the dollar is not going to stop going down. It's not going to stop at $5,000 [per ounce]. It's not going to stop at $10,000. It's going to go higher. I mean, it could go to $20,000," Schiff said in an interview.</p>

<p>The gold bug predicted that the Federal Reserve would pivot to quantitative easing, a policy in which the central bank purchases bonds to pump cash into the economy, sending inflation "through the roof."</p>

<p>A Historic Run For Yellow Metal</p>

<p>Gold has been on a historic rally, with the market value of the United States' gold reserves topping $1 trillion for the first time. The spot price hit a new all-time high of $3,897.50 per ounce on Wednesday.</p>

<p>Despite this, the country's strategic share of global gold reserves has fallen to a 90-year low, while countries like China, Russia and India have been on an aggressive buying spree</p>

<p>The gold price surge has also been observed to have a potential impact on Bitcoin's next move, according to a cryptocurrency analyst, who noted that Bitcoin's biggest rallies have often followed gold's macro tops — seen in 2013, 2017 and 2020/21.</p>

<p>Price Action: At the time of writing, spot gold was trading at $3,868.71 per ounce, up 0.09% in the last 24 hours, according to data from Benzinga Pro.</p>

<p>Read Next:</p>

<p>Best Gold Trading Strategies</p>

<p>Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.</p>

<p>Photo Courtesy: Thichaa on Shutterstock.com</p>

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<p>This article Gold's Parabolic Surge 'Very Unusual,' Says Popular Crypto Trader: Peter Schiff Says Precious Metal Could Hit $20,000 originally appeared on Benzinga.com</p>

<p>© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p>

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