Two Charts I Just Found Especially Worth Considering About Gold...Submitted by Cyril on Mon, 05/20/2013 - 06:32
The first chart is just the multi-year London fix 1995-present.
Notice the pull back that occurred from late 1996 to early 2001 - from $400/oz down to $250/oz - and which accounts for a 4 year duration (recall the dot com bubble burst at the end of that period):
The second chart is from a recent KWN article (link below):
What I find not-so-intriguing, of course, but still rather spectacular, is the striking divergence between, on one hand, the pull back in the gold's price, and, on the other hand, the debt increase - same period considered 1996 to 2001 - look again, closely, these yellow and blue curves' trends at the marks 1995, 2000, 2005... one positively down (gold) while the other is firmly up (debt), sort of "unexpectedly"...
And then, even more so (spectacular), what happened to gold afterwards, after "something" (someone?) decided the divergence needed to be corrected... rather brutally.
by the way, haven't we been witnessing, in some respect, arguably, another pull back of gold since 2011, precisely?
How much longer can the latter last... would that be 2 more years, then?
But after that, what next?
Would these charts be suggesting that, by the time the debt will have grown from 17+ trillions up to 20+ trillions around 2016 or 2017, gold's price could possibly be in the 5 digits of a mostly worthless fiat currency?
"He who has eyes..."
Anyway, now please meet The Most Productive Man In History :