Just For Fun: Gold Chart 2011-2019

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Silver_Watchdog
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Just For Fun: Gold Chart 2011-2019

Just a fun chart, but it's possible...

Edited by admin on 11/08/2014 - 06:08
Ganja Jane
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Please explain the speculated

Please explain the speculated 'sale' after 2013 ~$7,000. Thanks.

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Silver_Watchdog
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I'm glad you pointed that

I'm glad you pointed that out. 2012-2014 is the same price change from 1979-1981, which was a period when Paul Volker lifted interest rates to as high as 18% to fight inflation. Now picture us today where we can't even lift rates to 1% or even 50 basis points without the entire global financial system collapsing. Things are going to change once bonds/CDS start defaulting that will force pension and institutional money into gold. With US pension fund reserves totaling 13 trillion dollars—just 1% investment in gold is 300 billion worth. World pension fund reserves is estimated at 30 trillion... Do the math.

Perhaps that chart is understated. 

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