Gold Could Go Vertical, FastYou might be thinking, “Yeah, but it feels like gold is already pretty high at $2300/oz.”If you’ve been following precious metals for a long time, one thing’s for sure, the gold market has always moved in cycles. Going from dramatic boom to overnight bust, and eventually back again.So far in this “boom,” gold has moved 46 percent from its floor. We are clearly in the next phase of the Gold Bull Market.
From 1972–1974, gold rose from $45.75/oz to $183.85/oz. Yielding a gain of over 300%.
From 1978–1980, gold rose from $169/oz to $589/oz. Good for another 250% gain.
Then from 2007–2010, another 123% gain.
Where Are We Today?The chart below shows gold’s major bull market cycles since the 1970s.
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As you can see from the chart, when gold is ready to rise, it takes off. “Gold is in An Unshakeable Bull Market”Gold has broken out – with fury – from the range it was stuck in since the highs of 2020.According to MarketWatch: “Goldman Sachs says it’s the beginning of a structural bull market in commodities.”Following up on that, Goldman just came out the other day stating “Gold is in an unshakeable bull market”.And the Wells Fargo Investment Institute wrote, “After a decade of poor performance… commodities look poised to outperform other assets (possibly for a decade or more)… a new bull supercycle.”My take? I rarely, if ever, agree with mainstream finance.But in this case: We are still very, very early in this gold and resource “supercycle” market, the likes of which the world has never seen before.With gold prices spiking in short order the past 2 weeks, it has more than just regular precious metals investors paying attention.Checking around with different gold dealers for actual bullion, it’s difficult to find gold eagles or maples. And if you do, be prepared to pay a significant premium on top of the current spot price hovering above $2375 per ounce. We’ve seen some dealers charging well over $2,800 for a one-ounce gold coin.
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The last time things aligned on gold – the largest asset in the world… It surged 536%
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The time before that?
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And according to one gold trading expert, a new supercycle is kicking off now…
