Gold Bottomed 5 Months Before Stocks in 2008

During the 2008/2009 financial crisis, gold bottomed in October 2008 at $681 per oz and over the following four months... gold rallied by 47.97% to $1,007.70 per oz in February 2009. While gold increased by 47.97% between October 2008 and February 2009 and gold mining stocks exploded by 138.79%... the Dow, S&P 500, and NASDAQ declined by 30% and didn't bottom until March 2009 (five months after gold).

When gold bottomed in October 2008 at $681 per oz, M2 Money Supply Per Capita was $25,939.82, which valued gold at 2.63% of M2 Money Supply Per Capita.

When gold hit $1,007.70 per oz in February 2009, M2 Money Supply Per Capita was $27,120.17, which valued gold at 3.716% of M2 Money Supply Per Capita.

Today's M2 Money Supply Per Capita is approximately $66,000.

On May 16, 2022, gold bottomed at $1,785 per oz, which valued gold at 2.7% of M2 Money Supply Per Capita (nearly identical to its October 2008 bottom).

Gold could return to 3.716% of M2 Money Supply Per Capita for a new all-time high gold price of $2,452.56 per oz while the Dow, S&P 500, and NASDAQ decline another 25%-30%.

Augusta Gold (TSX: G) is the gold stock that we believe is best positioned to make large gains.

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.