Bubba Horwitz: Gold Will Cimb To $8,000 Within 5 Years

VRIC Media Jul 21, 2026

Summary

Guest Bubba Horwitz sees equity markets falling 40% to 60%, citing stretched valuations and rising consumer delinquencies.

He expects gold to hold near $4,000 support and reach $7,000 to $8,000 within five years, based on the metal's long-run annual gains.

Rising interest rates are sapping gold's appeal as an inflation hedge, he says, because cash now offers somewhere safer to sit.

He is a seller of crude oil and expects prices in the mid-$50s, pointing to global oversupply and Saudi Arabia selling into China.

He advises scaling into metals rather than picking one price, and keeping long-term investing separate from short-term trading.

Top takeaway As host he frames the session as a test of the bearish case, pressing Horwitz on whether a 40–60% market decline hits all sectors or mostly tech, and on why money rotating into the Dow is a bearish signal.
He raises the safe-haven framing on gold by asking why it is under pressure despite money printing and war, and says he has been looking into the Swiss franc as a way to protect dollars after its 2008 appreciation.

Top takeaway His headline call is gold at roughly $7,000–$8,000 within five years, extrapolated from gold's historical year-over-year rise rather than from any single catalyst.
He says he would buy physical metal at the levels discussed on July 21, 2026 — gold near $4,000 and silver near $55 — treating $4,000 as the support level now being tested, and advises averaging into a position rather than waiting for a lower low.
He no longer expects to reach his original $6,000 gold target this year, but if $4,000 holds he sees gold returning to the $5,000s, and calls the current pullback an overcorrection after gold and silver ran too far too fast.
He maintains a long-standing call for a 40–60% equity decline, pointing to stretched valuations, consumer credit stress — 15% of the population 90 days past due on credit cards, with auto and mortgage defaults also rising — record earnings expectations and thin trading volume.
He has been short crude since it traded at $100 and sees oil heading into the mid-$50s on global glut and Saudi barrels being sold to China at a discount, while still calling energy equities a sell.