Conditions are ripe for the price of gold bullion to double

MarketWatch/Ivan Martchev

“Gold bullion is staying firm, close to a multiyear absolute high. This dynamic has caused bullion to register a relative all-time high compared with the CRB Index. What happened to gold bullion after it registered its previous all-time high relative to the CRB in 2008? It doubled in absolute terms to peak above $1,900 in 2011.”

USAGOLD note:  Also …… Is this not a disinflation-deflation signal?  If so, the demand for gold will come from investors seeking refuge from a possible systemic meltdown – ala 2008-2009.

chart showing gold as a disinflation hedge 2008-2013

Repost from 3-29-2020

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