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Gold expressed in Japanese Yen back in late ’70s…
But what if you played Silver instead?
Oh.. and yeah… precious metals aren’t making all-times highs against all fiat currencies… yet! Now, imagine this happening again?!?
I know.. it would be practically impossible to sell at the highs.. of even close to them. Unless pure lucky timing…
Side observation… the chart of 1979 silver looks like bitcoin’s a little.. not very inspiring for hodlers
It is a massive 20 years cup n handle. Once it breaks above recent high it may be possible.
Yikes! I guess timing is everything.
Certainly makes you think doesn’t it ?
What was the macro landscape in the 70’s. What type of build up led to that bull run in PMs. What was being discounted in that run.. I would asume inflation? Are we heading that path?
So.. PM bull run when potential inflation getting sniffed out… and when they actually ramp up the interest rates… the bull run ends as the market discounts inflation getting contained and lowered? So the slower the fed will be to detect and contain incoming inflation.. the stronger the PM bull run will be?
U can apply fib extension from BO.
If silver goes to $54 than gold should be at $2430 assuming GSR at 45.
https://goldtadise.com/?p=449291