On October 24, 2008, during the global financial crisis, gold bottomed at a financial crisis low of $681 per oz. At the time, U.S. M2 Money Supply Per Capita was $25,939.82. Gold's financial crisis bottom was equal to 2.6253% of U.S. M2 Money Supply Per Capita!
Current U.S. M2 Money Supply Per Capita is $65,057.91. After the Fed Funds Futures Market adjusted last night to the Fed likely to hike this month by 100 basis points, gold is down this morning to $1,708.30 per oz. Amazingly, the current gold price is equal to 2.6258% of U.S. M2 Money Supply Per Capita! This is almost EXACTLY the same extreme bottom from October 24, 2008!
From gold's October 24, 2008 bottom of $681 per oz or 2.6253% of U.S. M2 Money Supply Per Capita, gold gained by 178.27% over the following 35 months to a September 6, 2011 price of $1,895 per oz or 6.2402% of M2 Money Supply Per Capita!
Gold's September 2011 price of $1,895 per oz would today be equal to $4,059.74 per oz!
Gold is getting ready to slingshot upward and Augusta Gold (TSX: G) will become the #1 largest percentage gainer in the entire market! We will keep you up to date about when NIA's President adds more G shares to his position! PLEASE sell G shares so that NIA's President can buy as cheaply as possible!
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 174,200 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.