Bull Market Coming For Gold? – Ron Paul
On August 15, 1971 President Richard Nixon de-pegged the US dollar from gold which resulted in a chaotic decade. The gold bull market started at the same time and ended in 1979, going from around $75 all the way up to $800. Then at the turn of the decade, it dropped back down to around $270. The gold bull market started back up at the turn of the century where it rose to $1800 and has dropped back down since 2012 to the current price floor of about $1300.
The fundamentals indicate that gold is holding steady and could be ready for another bull market, which if history is any indicator, should rise far beyond its previous highs of $1800. With the fact the US government has manipulated markets, the economy, and the monetary policy in the last 10 years with banker bailouts, stimulus, and zero % interest rates, precious metals are ready to go skyward.
Ron Paul still seems to think gold is a good investment, and so do we.
Crypto currency showing investor sentiment?
Inflation is being seen in the fact that the price of school tuition has gone up exponentially in the last 15 years. Cryptocurrency is also another bellweather of the fact that money is seeking better ground in the midst of historic low volatility in the stock market and drops in the housing market.
The US dollar is on a downward slope which means that since gold is priced in dollars, it is being watched closely for a breakout on the monthly charts before historic investors pour back into their metals positions. This means that a gold bull market could be just around the corner.
With the record high people not participating in the economy and not even being counted as unemployed by official government figures, there remains a large amount of Americans who have themselves been priced out of participating in the economy, which could be another indicator for a downturn in stocks and the overall equities market.
This is why it’s such a great opportunity to invest or rollover to a Gold IRA to capitalize on this materializing gold bull market, especially since the ultimate gold bug himself, Ron Paul, is anticipating this could be the beginning of the next cycle upwards for gold.