Also an interesting point is that gold prices did not peak for 3 years after the first US stimulus packages were initiated in Dec 2008. In those 3 years, the POG went up 2.5 times from around $750.
This time, the the stimulus is significantly larger and the the base price is significantly higher. While there are various variables at play, if you were to use just the GFC as a guide, $2,000 should be a no brainer and $2,500 would still be conservative.
Just some thoughts
Also an interesting point is that gold prices did not peak for 3...
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