first majestic silver

Gold Big Picture

October 18, 2022

In today's video, Gary takes a quick look at the long-term chart for gold. People get frustrated and despondent when we're in the declining phase of the 8-year cycle and they convince themselves that gold can never go up and they'll never make any money in the precious metals market and this is just wrong. Moves down into an 8-year cycle provide an opportunity to buy and to accumulate in preparation for the next 8-year cycle.

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The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.
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