CHART OF THE WEEK


www.caseyresearch.com/editorial/3479?ppref=GLD178ED0610D

“Gold returned 10 (and as much as 14) times your money in the 1970s bull market, and the NASDAQ advanced over 1,900% during its run. Our current gold price is up about 400% (when measured on a daily basis, not monthly as in the chart). In fact, the NASDAQ gained 182% in the final year of its peak, and gold surged 80% in four weeks during the blow-off top of January 1980. None of this is happening to our current gold price.

Note to doubters: we’ve got a long way to go before we start legitimately using the “bubble” word.

Besides, the fact that these skeptics aren’t buying – and don’t even own any gold in the first place – is further proof we’re not in a bubble. Ever notice none of them claim to own it?”                        Jeff Clark – Casey Research

  • Published On Jul. 03, 2010

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