We don’t know what the gold price will be, but the following charts could be very helpful. The first compares the current bull market (the red line) with the bull market in the 1970’s (the orange line). If history was to repeat itself, the gold price could still move up significantly from these levels.

The next graph compares the gold price (the orange line) to US levels of debt (the red line). Although the gold price goes up and down (and debt seems to just go up!). Over the longer term, the gold price seems to have risen with increasing debt

As you know, you can’t print gold, but you can print money. This graph compares the growth (in value terms) in M3 money supply (M3 is traditionally used by economists to estimate the entire money supply within an economy and by governments to direct policy and control inflation over medium and long-term periods.) with the value of gold in the market.