from King World News
Here is a look at why it is a very good time to be long gold.
January 5 (King World News) – Email from KWN reader Kevin W.: In 1969, the Federal Reserve’s gold backed the monetary base by about 10% and M2 by 1.4%, and the next decade was extremely positive for gold and gold equities.
Today, Fed gold certificates at market value back US monetary base by 14.2% and M2 by 2.6%. This suggests it is a good time to carry an overweight position in gold and mining shares. On January 21, 1980 when gold peaked in that bull run, gold backed the monetary base by 92% and M2 by 9.7%—that was a good time to be uninvested to gold…