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We’re Just One Step Away from $5,700/oz Gold

From birchgold.com

MoneyWeek’s Dominic Frisby is an analyst to watch. His precious metals analyses are full of insights, and his latest observation on gold’s price is fascinating. Frisby shows off his decades of experience by reminiscing about gold’s price trajectory from the late 1990s to now. This isn’t just a nostalgia piece, though. Frisby points out three important points in gold’s price history: $250/oz in 1999, $1,910 in 2011 and $1,920 today. Why these? First: There was the low in 1999 at $250/oz, marked for all eternity by Chancellor of the Exchequer, Gordon Brown, as he sold off two-thirds of British gold at the bottom of the ... (full story)

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  • Category: Fundamental Analysis