Three of the five matches would see gold hit a new all-time high. They’d also be more than a double from current prices.
The average 253.6% gain would see gold reach a cool $3,710 per ounce.
Four of them would see us peak between December 2017 and April 2018. That’s not that far away. Only one from the past lasted longer. The average duration of the five bull markets was 987 days, about two years and eight months.
Of course, the current market could end in a mania and hit the $8,000 level or higher. I hesitate mentioning that, because I don’t want to us to expect it. But given the trajectory of our deflating economy, toppy stock market, unmanageable debt load, the spread of negative rates, growing terrorism, desperate politicians, and misguided central bankers, we can’t ignore the possibility that a true gold rush could be in the cards. An $8,000 gold price may not be a fun environment to live in, but we’d be darn glad we owned a meaningful amount of bullion.
This is all to show that we could see some real fireworks in the gold price over the next couple years.
It also suggests that you don’t want to wait too long to buy. As we showed last week, buying this summer—and before August—might just be your last chance to grab the best value of the year.