How high can gold go?

In a bid to win greater shares of global trade, the world's governments are competing to destroy the value of their currencies. That can only have one consequence for gold.

You can see from the long term gold chart below that prior to peaking in January 1980, the price approximately doubled in the last two months. That gold primary bull market then ended. The primary bear market that followed lasted until 2002 when the primary bear market for the dollar commenced and today's primary bull market for gold started.

If gold today, in real terms, was to match the 1980 high, it would be at $2,400/oz. Understandably, we wish to remain invested until this primary bull market has ended because the prize to be won is so great.

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