Although gold at its current price of $1,978 per oz is getting close to hitting new all-time highs, gold remains extremely inexpensive when adjusted for growth in M2 Money Supply Per Capita.
Gold's current all-time high from August 7, 2020, of $2,075 per oz was the weakest in history. Adjusted for growth in M2 Money Supply Per Capita it is equal to $2,388 per oz today.
Previously, gold hit a new all-time high on September 6, 2011, of $1,895 per oz. Adjusted for growth in M2 Money Supply Per Capita it is equal to $3,964 per oz today.
Previously, gold hit a new all-time high on March 17, 2008, of $1,032 per oz. Adjusted for growth in M2 Money Supply Per Capita it is equal to $2,580 per oz today.
Previously, gold hit a new all-time high on January 21, 1980, of $850 per oz. Adjusted for growth in M2 Money Supply Per Capita it is equal to $8,230 per oz today.
Previously, gold hit a new all-time high on December 30, 1974, of $195 per oz. Adjusted for growth in M2 Money Supply Per Capita it is equal to $2,949 per oz today.
If we average together these 5 important milestones of gold hitting new all-time highs adjusted for growth in M2 Money Supply Per Capita they are equal to $4,022 per oz today.
Bottom line is... shares of Augusta Gold (TSX: G), Gold Bull Resources (TSXV: GBRC) and Lahontan Gold (TSXV: LG) will make NIA members extremely wealthy.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 194,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
