Gold Chart 1976 vs Today
There is all kinds of speculation, mostly by those who totally missed the Gold and Silver bull market, that the ride is over and Gold could even be headed back to $1000 per ounce or lower. Yeah, and Obama will resign over Benghazi.
When you look at the Gold price chart overly above, knowing what happened to the price of Gold from 1976 to 1980, do you think the Gold bull is dead this time?
My guess is that it’s not.
So whether or not we have seen the lows I cannot say for sure, but buying at these prices is not likely to end badly.
What we are doing is buying the spikes lower with limit orders at BullionVault