Gold is nearly the cheapest it's ever been historically speaking we have only priced in 40% of US monetary base. The whole world has extremely low interest rates. The US will be going back down to 0% possibly even negative. The US will have QE/inflation 4 which will be bigger than 1,2, and 3 combined. The US has massive trade deficits and ballooning national debt, corporate debt, and personal debt. Combine all this with the high possibility of having socialist president in 2020 or 2024 will only make our debt, spending, and inflation bigger.
Here is a look at the major Gold bull markets historically - only counting bull markets with US dollar off Gold Standard:
- December 1970 $236 - April 1974 $919 - 389% gain in 3 years and 5 months
- August 1976 $490 - February 1980 $2160 - 440% gain in 3 years and 5 months
- April 2001 $377 - June 2011 $1921 - 510% gain in 10 years and 2 months
Here is a look at the major Gold bull markets historically - only counting bull markets with US dollar off Gold Standard:
- December 1970 $236 - April 1974 $919 - 389% gain in 3 years and 5 months
- August 1976 $490 - February 1980 $2160 - 440% gain in 3 years and 5 months
- April 2001 $377 - June 2011 $1921 - 510% gain in 10 years and 2 months