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Bill’s Commentary:

“So you think gold is expensive at $3,000?”

GOLD – Is $3,000/Oz in 2025 Cheaper than $35/Oz in 1971?

Gold prices have nearly doubled in the last 18 months from the lows of $1575/oz
in September 2022. Despite the heady returns in a safe-haven asset, we are still
in the early days of a super cycle that will last a decade or longer. As I explain in
this article, gold prices are headed for levels most analysts cannot conceive of
today.
What does “Cheaper than in 1971?” imply? During the decade starting 1971,
Gold prices rose nearly 25 times to top at $850/oz by 1980. That is a 25-fold
return in 10 years; a similar performance would mean a $75,000/oz price by 2035.
What is the probability of that happening in the decade ahead? As I explain in this
article, it’s a probable event but not a certainty. At least, not yet. What is almost
certain is the target of $24,000/oz, as explained in the book “RIP USD: 1971-202X
…and the Way Forward”. Undeniably, even the much lower target of $24,000/oz
would still be a spectacular bull market in Gold.

Read more here…