NIA has just created an updated version of the #1 most important gold chart: gold vs. gold as a % of M2 money supply per capita.
Gold's September 28th extreme bottom of $1,615 per oz was equal to 2.51% of M2 money supply per capita.
For comparison...
Gold's October 24, 2008, extreme bottom of $681 per oz was equal to 2.63% of M2 money supply per capita.
Gold's December 17, 2015, extreme bottom of $1,049 per oz was equal to 2.73% of M2 money supply per capita.
Gold's August 17, 2018, extreme bottom of $1,178 per oz was equal to 2.74% of M2 money supply per capita.
After gold's three previous extreme bottoms, gold rapidly returned to its 15-year median value of 3.27% of M2 money supply per capita.
Since September 28th, gold has bounced strongly to 2.85% of M2 money supply per capita.
A return to gold's 15-year median of 3.27% of M2 money supply per capita would currently value gold at a new all-time nominal high of $2,091 per oz!
Considering that gold always returns to its 15-year median of 3.27% of M2 money supply per capita after an extreme bottom, NIA considers it to be 100% inevitable that new all-time high gold prices are coming in the very short-term future! When gold hits a new all-time high in the upcoming weeks/months, it will be the only major asset to hit a new all-time high in 2023! This will cause investors to immediately rush to abandon Crypto, tech stocks, U.S. Treasury Bonds, and Real Estate... in favor of accumulating gold and gold mining/exploration stocks. The only assets with a chance of outperforming gold in 2023 are silver and platinum.
Not only is it 100% inevitable that new all-time high gold prices are coming early this year, but as soon as gold hits a new all-time high it is likely to make a massive 21.45% rally to $2,520 per oz within the following 2-3 months, similar to what happened after gold hit a new all-time high of above $850 per oz exactly 15 years ago today!
Preparing Americans for Hyperinflation
