The price of gold is still wildly undervalued. Take a look…
Gold Is Still Wildly Undervalued
November 10 (King World News) – Email from King World News reader Kevin W: I like [to see] the gold value in central banks compared to money supply measures like M2, or even Monetary Base.
M2 – We are only at about 3.8% in US and 3.8% globally as a percent of Central Bank Gold compared to M2. That was the area where gold began its advance in Q3 ’76 after declining 50% to about $100 in August 1976. That decline came after a bull run move from $35 in 1971 to $186 in February 1975 where gold made up 7.9% of M2 before its nearly 50% correction…
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From August 1976, M2 money printing got stronger in US advancing from $1.1T to $1.486T by January 1980, but gold price really excelled into January 1980 finally making up 22.5% of M2. That would be a 6 fold price [increase] from today if M2 stayed pat just meeting its red line trend of last 15 years.
And the Monetary Base comparison to gold is even more bullish for gold.
Silver & Gold Bull Markets
Graddhy out of Sweden: Silver resumed its secular bull in Q1 2024, and gold in Q4 2023.
Gold’s 3rd Bull Market Is Just Getting Started!
Whatever you do – do not mess up this life-changing, generational opportunity.
You will have one chance at it, and one chance only.
Silver
Graddhy out of Sweden: Silver is having a perfectly normal pullback right now.
And big picture, here is why it is churning right here. For silver, the big breakout level using the yearly time frame is $31-32.
Silver Consolidating After Historic Upside Breakout
One of the most significant breakouts in history is coming.
To listen to the jaw-dropping gold and silver price predictions that Nomi Prins just made CLICK HERE OR ON THE IMAGE BELOW.
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