The last time we updated you on the world's most important gold chart was on January 2nd with gold at $1,823 per oz or 2.85% of M2 Money Supply Per Capita.
Gold finished Friday at $1,920 per oz or 3% of M2 Money Supply Per Capita.
Gold bottomed on September 28th at $1,615 per oz or 2.51% of M2 Money Supply Per Capita.
Gold was more undervalued at its September 28th bottom than it was at its October 24, 2008, bottom of $681 per oz or 2.63% of M2 Money Supply Per Capita.
From October 24, 2008, through today gold has traded at a median price of 3.27% of M2 Money Supply Per Capita.
Gold is in the process of rapidly returning to its long-term median price of 3.27% of M2 Money Supply Per Capita.
Based on current M2 Money Supply Per Capita of $63,950 the long-term median gold price of 3.27% of M2 Money Supply Per Capita will equal a gold price of $2,091 per oz.
A gold price of $2,091 per oz will be a new all-time nominal high for gold. At that point, gold will get all of the global media headlines as being the only major asset to hit a new all-time high in 2023.
Based on NIA's exclusive moon indicator that we were given permission to make public by the billionaire who invented it NIA forecasts gold to finish 2023 at $2,670 per oz.
Preparing Americans for Hyperinflation
