Gold is beginning to go vertical.
The precious metal first entered a bull market in early 2024 after trading in a range between $1,600 per ounce and $2,100 per ounce for the better part of four years. Since that time, gold has rallied 80% to all-time high prices of $3,800.
This historic run has many investors asking themselves: “when will this end?”
The answer, based on historic precedent, is likely “much, much higher.”
Throughout the history of the U.S., gold spent most of the time pegged to the $USD, as gold was viewed as “money” rather than a speculative asset. It was only after President Nixon ended the Gold Standard completely in 1971 that gold became a truly free-floating asset.
Soon after that, gold experienced its first major bull market. From 1970 to 1975, the precious metal rose from $34 per ounce to a high of $193 per ounce on its monthly chart, or a rally of over 400%.
The precious metal then experienced a two-year bear market, before beginning its second and largest bull market, rallying from a low of $104 per ounce to then-all-time highs of $835 per ounce, or a rally of over 700%.
By way of contrast, during this recent bull market in gold the precious metal rally has only rallied 80%. To be clear, I’m not saying gold will replicate its gains of the late 1970s, which would mean a rally to over $14,000 per ounce. But what I am pointing out is that when bull markets in gold really get going, things can get ridiculous. And as I write this today, we’re nowhere near that status yet. Again, gold hasn’t even doubled in value from when the bull market breakout began.
So, if you’re looking to make truly life-changing gains from your investments, it’s not too late to get into gold or precious metals miners.
I can show you how.
On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it rips through the financial system in the months ahead. They’re already up 17%, 25%, 25%, 40% and 42%. And that’s just in the last month!
The report is titled Survive the Inflationary Storm. And it explains my top five gold mining plays, including their names, their symbols, and the resources they own.
Normally I’d charge $499 for this report as a standalone item, but we are making just 100 copies available to the public.
To grab one of the last remaining copies…
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
