Despite its higher prices of late, gold’s global supply-and-demand fundamentals remain dazzlingly bullish. Worldwide investment demand far exceeds the ability of miners to ramp up their production. And if you adjust gold’s early 1980 high by CPI inflation, it works out to about $2300 in today’s dollars. So most of gold’s bull probably remains ahead of us , not behind us.”
Despite its higher prices of late, gold’s global supply-and-demand fundamentals remain dazzlingly bullish. Worldwide investment demand far exceeds the ability of miners to ramp up their production. And if you adjust gold’s early 1980 high by CPI inflation, it works out to about $2300 in today’s dollars. So most of gold’s bull probably remains ahead of us , not behind us.”
