By David Smith
The current phase of the gold bull market, which started last year, is – we believe – the third and final wave of the secular bull run tracking back to 2001.
It’s going to create a tidal bore of immense size and power. A wave that those who hold the metal (and silver) can ride as insurance against state-sponsored value-destruction of a country’s currency, and as real money that cannot and has not ever gone to zero in recorded history.
It could last 3 or 4 years, until the end of this decade… or beyond.
Yes, the time will come when we want to be mostly out of gold and silver, with one marker to watch being the Dow/Gold Ratio, but that time is a number of years in the future.
In any event, diverse energies (and rationales) are building around the globe, which should make this a run for the record books – a ride you really don’t want to miss!
This time, gold will break out – possibly by the end of 2020 and rise to a number that most investors can’t begin to imagine. The price will be a function of how long it takes for higher rates of inflation to kick in from the stagflation environment similar to what took place in the late 1970s.
A “from-the-heart” talk about what holding gold really means to people…
The following accounts about what gold means on a personal level came to me unsolicited and fairly close to each other time wise. The first is from a commercial airline pilot with deep prior life experiences in Europe and the Middle East. He wrote:
Gold does not deteriorate or tarnish. These traits give it an ability to last forever, and transcend through different dimensions of time. Humanity is acutely aware of both its own mortality and the short time we get to exist in this universe. In our collective view there is only one who is immortal, transcending time and space, God… Who never dies. Lives forever, changing only in form and dimension.