gold news

 I updated our um gold bull market chart relative to the 1970s today versus Yeah. with uh with yesterday's closing price of 3237. And you know when you when I add it like a week or two, you barely notice it. It's like hardly a pixel. So what that means is you know we're still on track and there's still a huge increase still to go. I mean there could easily be another tripling in the next two years. I mean, there's there's so much room to to go up here. We're absolutely not

done. Yeah. Right. Explain that chart to the audience real quick. Sure. Yeah. For anyone who hasn't seen it. Well, uh we're basically comparing two different bull markets in gold. So, the first one in blue, okay, has the dates across the bottom and the price on the left side. And you'll notice that it's a logarithmic chart on the left. So, when you go from the bottom to the halfway point, it multiplies by five. Multiplies by five. And then when you go from the midway point to the top, it multiplies

by five again. So instead of adding the same amount, we multiply. You can think of it as a the same percentage return. And in the 1970s, gold had this amazing bull run where the price of gold went up approximately 25x, right? Five times five. The bull market we're in now in red started around, you know, August of 1999, I believe. Depending depending which day you want to start it. Um around 1999. And it's been, you know, 26 years and it's looking like we have another year or two left. And it's

followed a very, very similar trajectory to the bull market of the 1970s. And these are basically the two bull markets that we've had in gold since it was unpegged from the dollar. So it's not like we're just, you know, picking a random bull market that, you know, looks nice. These are the only two two bull markets. So this is this is all the evidence we have to go on. And yeah, you can see the price here. It started around $250 back in 1999. It went up to 1,500 and it could go to 9,000 if this

plays out in the next year or two. What's each multiple multiplication on that scale then? Multiple of six. So it's not a multiple of five, it's a multiple of six. So the bull run is actually larger than that of the 1970s. It's just taking more time to play out.