- Rapid money supply growth due to large US fiscal deficits has created a rapidly weakening US Dollar.
- US gold production has fallen to 1988 levels; Australian gold production will likely peak by 2021 and global production has likely already peaked.
- Based on historical ratios, and strong fundamentals, gold should be priced closer to $2,400 - 3,000 per ounce.
- Gold ETFs are a good safe haven investment, while well-run gold miners are a great buy right now for potentially larger returns.
For further details see:
Gold Is Undervalued: A Look At Money Supply, The U.S. Dollar, And Gold Prices