How High Can Gold Go?
by David Tanner
I often hear people say that gold has gotten too high in price to buy now. I also hear others say that gold is in a bubble right now and that it is sure to pop soon.

I agree, we are in a huge bubble right now, but it is not gold that is in the bubble, but everything else. Demand for gold, and its price always rises when paper money bubbles burst. Let's take a look at some of these past bubbles and how much the price of gold rose in those instances.


- From 1920 to 1923, the price of gold in German marks rose from 160/oz. to 48 trillion/oz.

UP 300 BILLION TIMES ITS ORIGINAL PRICE

- From 1945 to 1950, the price of gold in Japanese yen rose from 140/oz. to 12,600/oz.

UP 90 TIMES ITS ORIGINAL PRICE

- From 1948 to 1967, the price of gold in Brazilian cruzeiros went from 648/oz. to 94,500/oz.

UP 146 TIMES ITS ORIGINAL PRICE

- From 1970 to 1980, the price of gold in US dollars went from 35/oz. to 850/oz.

UP 24 TIMES ITS ORIGINAL PRICE

- From 1982 to 1990, the price of gold in Mexican pesos went from 8,000/oz. to 1,025,000/oz.

UP 128 TIMES ITS ORIGINAL PRICE

- From 1989 to 2000, the price of gold in Russian rubles went from 1,600/oz. to 8,120,000/oz.

UP 5,075 TIMES ITS ORIGINAL PRICE

Now, let's consider this current 10 year gold bull market that has gone from $250/ounce to $1,350/ounce.

UP ONLY 5.4 TIMES ITS ORIGINAL PRICE!

Still think gold is in a bubble? Or is it more reasonable to think that paper is still in a bubble that is slowly deflating before our very eyes? Careful which you choose..... your future will depend on it!

As international economist Nathan Lewis recently stated, "The “price of gold” may reach five thousand, ten thousand, a hundred thousand, a million, or a billion dollars per ounce. The gold bubble-callers will be frothing at the mouth, until they finally have the realization that there was never a bubble in gold, but only a crash in paper money.

Gold is money. Always has been. Probably always will be. This time it’s different? I don’t think so."