gold news

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foreign silver.com we have a price match guarantee free shipping and global storage options learn more about how to invest in Precious Metals at goldsilver.com if the bull market of the 70s gold it drove gold up 25 times in silver up 41 times with only 1 25th the amount of the currency per ounce chasing them and then we add fear to the mix just what do you think will happen this time around right uh that is from chapter seven where I finally get to gold and silver and you know I started out that chapter by going through the

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70s because people don't realize that up until cryptocurrencies that was the biggest bull market of all time and it happened in just eight and a half years uh you know that was the biggest gains uh in uh you know I've got a chart of the Tulip Mania and uh uh the south sea bubble and the Mississippi bubble and uh those actually weren't as big as the gains on uh of gold and silver in the 70s bull market uh and the thing is in that chapter I showed so I first show how spectacularly they did and I've got a bunch of uh time

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article quotes in there from uh the Time Magazine uh of it panicked that the public was going through to try and get in on the deal they didn't want to be left out uh and I show some interesting charts the shape of fear basically and whenever you look at uh a uh the chart of the S P 500 or the NASDAQ or the uh um the Dow they've got rounded tops and then they everybody panics and there's this crash and everybody's scared and then uh people that uh the usually the uh people that have Ultra

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Deep Pockets on Wall Street come in and start buying at the lows and start and and short sellers uh cover their position and take the profits and the markets start Rising again so these spikes are a picture of uh Panic so you've got greed and you've got fear these v-shaped spikes um and then I show another chart that has this same thing with the v-shaped spikes it's just gold turned upside down you turn it up right side up and when gold is rising that's the fear and panic that's the reason it's got that shape to

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it so uh in that chapter what I show is I'm looking at a little note that I made here uh today we have uh twice as many ounces of gold available above ground for investors to buy as we did when it peaked in 1980 however there's 18 times more people that can legally access and you know in the 1970s bull market there were no markets in the USSR Mao's China on uh Africa uh was not only devastatingly poor but uh you know there's there was no exchange there there was no place for them to buy uh

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same thing with South America when you add it all up there's 18 times more people that can participate in the great gold and silver Rush of the 21st century than the one that we saw back in the 20th century there's 55 times more currency according to the oecd the organization the organization of economic uh cooperation and development 55 times more currency 56 times more millionaires around the planet 200 times more billionaires and 220 times more available consumer credit than the size

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of the global stock market is 49 times larger so you take all of these factors people trying to protect their wealth in a crisis yeah the pile of uh gold has doubled but it's 18 times more people trying to get it with 55 times more currency uh this is just nuts and I I just I I stayed at the end of that chapter uh to come back and reread it when gold passes three thousand dollars an ounce five thousand dollars an ounce ten thousand dollars an ounce and never looks back because uh you'll see why the great gold

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and silver Rush of the 21st century is just gonna take your breath away and it will wow um the just mind-blowing stats there and and I think just that little section that you just read through Mike is is a really compelling argument for why you've got such great confidence that that much better days are ahead for the prices of these things