"If gold has a real “bull move” such that this ratio of gold reserve value to broad money supplies goes to 4-5% like in 2011, at a time when broad money supply is rapidly increasing, that is a recipe for $4,000+ gold prices per ounce. If gold prices are driven up higher, to where the gold-backed ratio goes higher than that (like periods the 1970’s and 1980’s), the price could reach truly staggering levels."
