Gold Likely to Double and Then Triple from Here
The comments below are an edited and abridged synopsis of an article by Bob Kirtley
The precious metals sector of the market is now gathering pace; the two main drivers behind the demand for gold are the demise of the fiat currencies, such as the US dollar, and a gloomy economic outlook; both the currencies and the S&P 500 have had their day, and there will be a rush for the exit; most importantly, the fever pitch reached in a gold bull market is like no other, and boundaries will be exceeded time and time again as the panic to buy gets a grip.
Up for discussion: introduction; gold; silver; the Gold Bug’s Index (HUI); and conclusion:
“The demand for gold and silver is accelerating as investors purchase the physical metal and/or pile into the ETFs.”
“Knowledge is freely available and accessible across the globe so investors will be aware of the speed of change and able to capitalize on it.”
“Most importantly, the fever pitch reached in the gold bull market is like no other and boundaries will be exceeded time and time again as the panic to buy gets a grip.”
“Take a position while you can in the physical metal if you can get it, and also in some of the PM stocks, which are the rising stars of the near-term future.”