Gold hit a new record high today for those buying in euros. Let's investigate gold in US dollar terms and in the Yen.
Gold
Gold Priced in Yen
One Hell of a Ride
That's one hell of a ride. If you bought gold in Yen in 1980 you are still underwater.
Wow.
Where to in US$?
Gold is roughly $300 away from a record high in US dollars.
I expect it to top that easily within a couple of years and by the end of 2020 would not surprise me in the least.
Fed monetary printing and US deficits are out of hand
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
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