The Gold Blog
Stocks are up, but so is gold — and analysts say the metal’s rally is just getting started
Posted by Shane Jennings on
“The Federal Reserve and central banks around the world just keep printing money – more money, more money, more money. And so, gold is going to take out the old highs, $1,950 or something, and it is going to keep going. I think we are just starting this move,”
The Case For $3465 Gold
Posted by Shane Jennings on
Seeking Alpha Jul. 2, 2020 10:07 AM ET What's A Fair Value For Gold? In my opinion, one way to value gold is to use reference points. Since gold is an ancient currency, I'll compare the gold price to the size of the monetary base (M2). As you can probably imagine, money supply in the US grows consistently over time. The rate of growth has also risen more recently. Between February 3, 2020 and June 15, 2020, the amount of M2 money has risen by almost $3 trillion. In comparison, it took about 4 years for the last $3...