ByteTree/Charlie Morris/3-23-2023
“Over the past 100 years, there have been four compelling times to buy gold. In 1929 it proved to be a saviour ahead of the great depression. Then in 1969, it preceded the great inflation of the 1970s. In 2000, it cemented itself as the most liquid alternative asset of the 21st century in anticipation of the credit crisis. And just recently, gold is signaling strength ahead of what looks to be an emerging sovereign debt crisis.”
USAGOLD note: Morris says the next few years will be tricky for investors and that gold will have an important role to play. The buying of physica preciousl metals globally since the banking crisis began suggests that a good many investors agree with him.
Gold price
(!834 to present, log scale)
Chart courtesy of TradingView.com • • • Click to enlarge
