Gold is Now on Its Way to All-Time Highs

by Hubert Moolman
Gold Seek

I have compared the performance of the current gold bull market (since 2001) with the 70s one. Below is that comparison (chart from barchart.com):

[…] During the 70s bull market, gold went from $35 to $195 in the first phase. That was a 458% increase. The first phase of the current bull market took gold from $252 to $1920, which made for a 661% increase.

At first glance, it would appear that the current bull market outperformed the 70s one. However, it only took about five years (1970 to 1975) to get the 458% increase, compared to the roughly ten years and five months it took to get the 661% increase. If the performance of the current bull market actually matched that of the 70s, then prices should have risen about 1000%.

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