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Robda1986

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Posts posted by Robda1986

  1. 15 hours ago, Nick1368 said:

    Very interesting to look at all time gold chart (50 years ) .

    you can see three main events that lead to massive bull runs , the first one was the end of Gold standard by the US government in the 70s during which period gold jumped from $30 in 1970 to $700 in 1980 .

    Then it just went flat for nearly 30 years at an average price of  $300 until the second event occurred which was the 2008 financial crises and a new bull run for Gold which pushed the price up to $1750 by 2011 and a new ATH for gold .

     

    Now , when you look at the chart you can clearly see that the third bull run that started in 2018 was basically a continuation of the 2008 bull run with a period of consolidation in between and boosted by the pandemic , so my opinion is that gold was always on its way to the $2060 ATH that we witnessed last year , COVID only helped to speed it up .

     

    so assuming gold would’ve reached $2000 without help from the pandemic , why on earth is it still under 2k after  huge damage to the world’s economy caused by the pandemic ? 
    my understanding is that gold is massively undervalued at $1900 .

     

     

    5422522E-A93D-4697-A530-908F8CBF1AF4.png

    Not if the current hammering continues 

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