by David Smith
The current phase of the gold bull market, which started last year, is – we believe – the third and final wave of the secular bull run tracking back to 2001.
It’s going to create a tidal bore of immense size and power. A wave that those who hold the metal (and silver) can ride as insurance against state-sponsored value-destruction of a country’s currency, and as real money that cannot and has not ever gone to zero in recorded history.
It could last 3 or 4 years, until the end of this decade… or beyond.
Yes, the time will come when we want to be mostly out of gold and silver, with one marker to watch being the Dow/Gold Ratio, but that time is a number of years in the future.