- Gold's failure to respond positively over the past 12 months to the surge in inflation has been seen by many as a sign that the metal's bull market is over.
- However, deeply negative real interest rates, and the potential for them to move even lower as inflation rises, suggest that gold may be the most undervalued it has been since 2005.
- If investors come to the realisation that cash will offer zero interest indefinitely and money supply will continue to grow at double-digit rates, we could see a stampede into gold.
For further details see:
Gold's Bull Market Is Not Over By A Long Shot