The chart from Gold Stock Analyst tracking the price of gold going back to 1968. In each case when real rates, calculated by subtracted the 12-month moving average of the year over year change of CPI from the 12-month moving average of the 3-month Treasury bill, went negative in the 1970s, gold has had a dramatic rise in price until 1980 when a period of real interest rates occured.
A new period of negative interest rates from 2000 until the present time created soaring gold prices once more.
Source Gold Stock Analyst Click on image to get a larger picture.
Christina J. Kruger
www.thegoldvault.blogspot.com/
Copyright (C) all rights reserved
No comments:
Post a Comment