CD Media
Markets

Gold Lessons From The 1970s

Poland Wants More Gold: "The 'Most Reserve' Of Reserve Currencies"
Gold Bars At Grand Emperor Casion in Macau

Please Follow us on Gab, Minds, Telegram, Rumble, Gab TV, GETTR

The long-term case for gold remains intact. The ratio of total US M1 (adjusted for the recent savings deposit re-classification) to gold has continued to surge higher, showing the underlying trend remains bullish.

A bullish long-term trend does not mean things move in a straight line. Even the gold bull market during the high inflation of the 1970s saw an extended crash of 40%+ for 1.5 years from 1974/75 and another 20% crash in 1980 that ultimately ended up being a 50% peak to trough drawdown…

To read more visit Zero Hedge.

Keep The Truth Bombs Coming From CDMedia! Donate!  

Related posts

Can You Trust Biden Economic Data 12 Days Before Election?

CD Media Staff

Housing Continues To Explode Higher…Inflation Subdued…Industrial Production Expands Slowly

CD Media Staff

Fed Announes Hawkish 25bps Rate Hike, Signals Hikes At Every 2022 Meeting As Bullard Dissents

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky