If you think gold has had a good run up over the last year, here's a chart that should give some perspective. It shows that in inflation adjusted dollars gold has barely budged. We have entered a period of unlimited out of control Federal Spending under the Trump regime. They pay lip service to holding the line on aid to the working class and broke States. But for corporations and banks the spigot is wide open to the tune - so far - of Ten TRILLION dollars. The Budget Deficit this year alone will be four to five times that of any previous administration. And now the central banks of the world have pledged openly to hold rates at zero or below for years and years to come.
Here is some historical information from the four previous gold bull markets.
Bull #1 June 1970 – Aug 1974 gold advanced from $36.56 to $154.50. The rate of increase was 422%
Bull #2 May 1976 – Feb 1980 gold rose from $127.00 to $850.00. The rate of increase was 669%.
[Between Jan 1979 and Jan 1980 gold pulled back 11 times at a rate of 3% or more. During the same time period silver pulled back 12 times at a rate of 5% or more; (source Jeff Clark). Investors need to expect corrections along the way!].
Bull #3 July 2001 to Aug 2011 gold rose from $267.000 to $1.925.00 The rate of increase was 720%. Bull#4 Oct 2015 to who knows when $1,070 to who knows how high. The expectation for minimum targets for the gold price during the current bull market, from the $1.070.00 starting point, based on history, ranges from $4,500.00 (at 422%), to $7,700.00 (based on 720%).
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