Gold Prices Forecast 2017/2016 I have compared the performance of the current gold bull market (since 2001) with the 70s one. Below is that comparison (chart from barchart.com): During the 70s bull market, gold went from $35 to $195 in the first phase. That was a 458% increase. The first phase of the current bull…
Gold Price Forecast 2017/2016 Gold is currently trading in excess of $1300 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at relative to US dollars. When you look at the gold price relative to US currency in existence (US Monetary Base), then…
Gold Price Forecast 2016: The gold price in South African Rand (ZAR) is often a leading indicator for a USD gold price rally, as well as major trouble in the financial markets. A good example of this was around August/September 2001, just before the September 2001 crash (which turned out to be a major turning…
Silver Price Forecast 2016: There is only so much value in the world economy, and it is split between all the different instruments (like gold, silver, stocks, bonds, commodities, etc.) where value resides. For silver and gold to rise significantly, relative to other instruments of value, value will have to be diverted away from those…
Gold remains our best means of economic measurement. It is not a perfect, but it is our best. Due to its monetary properties, gold can be used to measure wealth across generations.
It is often reported that governments and central banks have for years leased or sold their gold to bullion banks; therefore, they are unlikely to possess the tons of gold, they are said hold. Also, the bullion banks seem to be under enormous pressure recently. Just look at the recently reported spike in the gold coverage ratio on COMEX, with, there being over 200 ounces of paper gold claims for every ounce of deliverable gold (as reported on zerohedge.com)
Hubert Moolman on SILVER and GOLD 