Predictions - Gold will reach $1,600 per ounce

Submitted By:	Edward L Winston
Author:	Doug Casey
Status:	Never happened
Source:	Link
Predicted:	October 6, 1980
Happens:	Sometime in 1980s

Details

In 1980, Doug Casey -- who was widely known for making predictions of coming economic disaster -- claimed gold was going to get up to $1,600 per ounce.

Explanation

He never said a specific date, but it's safe to say he meant sometime in the 1980s, and it's been 30 years now (as of 2010) so it's safe to say he was wrong.