From 1992 to 2006 interest rates were stable at around 7% and the gold price remained stable at around $300-$400 an ounce. The first $1900 peak in 2008 was when rates fell to around 4%. So now that interest rates are 0.1% what will the new peak be? I think based on the two historical charts it will be far higher than $1900. Some are predicting $2500 others $15000 I guess time will tell.
NCM Price at posting:
$27.31 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
From 1992 to 2006 interest rates were stable at around 7% and the gold price remained stable at around $300-$400 an ounce. The first $1900 peak in 2008 was when rates fell to around 4%. So now that interest rates are 0.1% what will the new peak be? I think based on the two historical charts it will be far higher than $1900. Some are predicting $2500 others $15000 I guess time will tell.
