- 13 WAYS TO KNOW IF THE GOVERNMENT IS READING YOUR EMAILPosted 2 hours ago
- 13 Ways To Know If The Government Is Reading Your EmailPosted 8 hours ago
- Video: Piers Morgan Says Obama is Borderline Tyrannical: ‘Now I See U.S. Government Tyranny’Posted 4 days ago
- FAMILIES OF DECEASED SEAL TEAM 6 MEMBERS ARE MAKING SERIOUS ALLEGATIONS AGAINST THE GOVERNMENTPosted 14 days ago
- European Commission to Criminalize Nearly all Seeds and Plants not Registered with GovernmentPosted 16 days ago
- After the Tragedy in Boston, More Government Surveillance is Not the AnswerPosted 16 days ago
- Video: Obama To Ohio State Grads-Reject Voices That Warn About Government TyrannyPosted 17 days ago
- AMERICANS FEAR GOVERNMENT MORE THAN TERRORPosted 24 days ago
- The Art of Catching Government False Flags in Real TimePosted 25 days ago
- SECRET GOVERNMENT DOCUMENTS REVEAL VACCINES TO BE A TOTAL HOAXPosted 30 days ago
12 Charts That Will Make Gold Bulls Furious
The anti-gold bandwagon is getting more and more crowded.
Analysts Tom Kendall and Ric Deverell of Credit Suisse is out with a bombshell report this morning titled: Gold: The Beginning Of The End Of An Era.
The article argues that the 2011 peak of $ 1921 was the top, and that now the run of the cult metal is coming to an end.
The argument essentially boils down to two arguments, which are related.
The first is that we’re seeing rate normalization. When real interest rates are ultra-low, gold does well historically.
The second is that the era of crisis is over, and so the impulse to hedge against collapse (or massive volatility) is diminishing.
Kendall and Deverell establish the argument over a series of charts.
Big thanks to Credit Suisse for their permission to feature several charts from the report.
US interest rates fell to a historic low level last year. This represents an extreme level of safe-haven seeking, thanks to “existential concerns” about the essence of Western Capitalism.
But in the very long run, gold has surged to near its all-time highs, and is massively above its long-term average.
In real (inflation-adjusted) terms, gold is above historic levels.