GOLD PRICE RAN UP 30% AFTER TAKING OUT ITS ALL TIME HIGH1980 all time high is $800.00
Gold came back to life again after George W. Bush spends $trillions of dollars fighting the Iraq War, cutting taxes for the rich, and racking up huge amount of debt for United States .. similar to what Donald Trump is doing right now.
Gold took out the 1980 all time high of $800.00 and ran up over 30% afterward
That rally ended because the US Stock Market went into a massive crash due to subprime fiasco and many traders have to liquidate their winning gold position to cover their other losses. After the stock market crash, the Fed bought up all the garbage assets and there was a lot of money printing just like what you're seeing now in 2020. Gold rally re-ignited again and ran to $1920.00
Yesterday, Gold took out the 2011 all time high of $1920.00
If you want to look at previous history after taking out the all time high .. Gold ran up 30%
Gold $1920 ( up 30% ) = Gold $2496.00
Keep in mind , right now Gold and Silver have the perfect atmosphere for a huge rally going forward. I see Gold heading to $3000.00 and later to $4000.00
* Trade War
* Coronavirus ( Covid-19 ) spreading all over the place
* You have falling yields
* You have weakening dollar
* You have Geopolitical Tensions..
eg. US closing China Consulate in Houston and constanly picking fight with China in the East China Sea and South China Sea.
* Fed buying garbage assets like if there's no tomorrow
* US government racking up gigantic amount of debt by issuing more and more $TRILLION and $TRILLION and $TRILLION and $TRILLION in aid and stimulus....
* and many many more reasons..
BUY SILVER
BUY GOLD