Two Charts That Show Gold is Scary Cheap
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The Gold price against the US Monetary Base and the percentage backing of our current Gold reserves (at the current market price) shows how far cheap Gold is compared to levels of the last bull market.
Relative to the 1980 and Great Depression era peaks, Gold is going for pennies today.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
