Why You Need Exposure to Gold Dear Money & Crisis Reader, Do you have exposure to gold? Early last month, the precious metal broke to new all-time highs, rising above $2,000 for the first time in history. What’s truly striking, however, is that even after such a massive move, gold’s subsequent correction was relatively shallow. Indeed, it looks increasingly as if it has put in a base and is ready for its next leg higher. If history is any guide, we’re just getting started here. During the gold bull market in the 1970s, gold rose 585% during its first leg up from 1970 to 1975. It then corrected roughly 50% before beginning its next leg up. However, it was the SECOND move higher that was the BIG one. The price went up by a whopping 740%. |
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