Jay Says Gold Bull Market Just Beginning
Last week I commented that the real gold bull market likely began when the credit crisis struck.That's when millions of people, institutions even central banks began purchasing gold, literally by the tonne.
This week Jay Taylor, a well known gold market specialist and market analyst, concurred.In his article titled "The Real Gold Bull Market has Just Begun" he points out that if we measure the value of gold by its purchasing power, we're just two years into a 20 year gold bull market.That's when its value relative to its purchasing power really started to climb and gold as an investment became more widespread around the globe.
Coincidentally, that's about the time the U.S. Mint gave bullion dealers their first notice that gold demand was so high they ran out of American Gold Eagles.
Now with Ben Bernanke's Helicopter Money raining down on nearly everyone, only time will tell when we see gold prices fly to the outer limits of market imaginations.