Conditions are ripe for the price of gold bullion to double
“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.
Repost from 3-29-2020