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With special thanks to the St. Louis Federal Reserve and its FRED
charting software.
Published
with permission. These charts update automatically.
This collection of charts is
for those who do not like a lot of verbiage to justify an investment
decision -- just the facts. Two primary themes drive the specific chart
selections presented here:
First, it is clear that none of the factors which
caused the financial crisis of 2008 have been addressed in any
sustainable fashion by those charged with setting economic policy.
Explosions in both the monetary base and reserve bank credit show they
have simply been 'papered-over' - a far-cry from a lasting solution. In
fact, one could argue (and many have) that such policies may one day fuel
a second tier to the crisis even more damaging than the first.
Second, gold from a price perspective has moved
markedly lower against this backdrop - a disconnect
not lost on buyers in the East as well as prudent, asset-preservation
minded investors here. Even as this is written, gold has already advanced
15% off of its 2013 lows. We invite you to study this group of customized
charts and come to your own conclusions.
A key feature to this issue of
Review & Outlook is that the charts will
continue to update automatically, so we encourage you to bookmark this
page and return to it regularly to monitor any developments. Once you
have made the decision to proceed with your first or next gold purchase,
we hope that you will contact us to address your portfolio needs.
* * * *
* * *
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London Gold versus
the Standard & Poor's 500 Index
Shows a possible overvaluation in stocks and undervaluation in gold
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Annualized Gold
Returns
Shows yearly gain or
loss from 2000 to present
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London Gold versus Monetary Base
Shows gold tracking monetary base, divergence in 2013
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London Gold Last Twelve Months
Shows price updated
daily
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London Gold versus Reserve Bank Credit
Shows the effects of quantitative easing on the gold price, divergence
since 2013
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London Gold Annual Rate of Return Over Same
Month Previous Year
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London Gold Price 1968 to present (Log Scale)
Shows gold's current
secular bull market in relative scale to the 1970s bull market
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Michael J. Kosares is the founder of USAGOLD
and the author of "The ABCs of Gold Investing - How To Protect
and Build Your Wealth With Gold." He has over forty years
experience in the physical gold business. He is also the editor of Review
& Outlook, the firm's newsletter which is offered free of
charge and specializes in issues and opinion of importance to owners of
gold coins and bullion. If you would like to register for an e-mail alert
when the next issue is published, please visit this link.
USAGOLD Review & Outlook is the contemporary,
web-based version of our client letter, which traces its beginnings to the
early 1990s under the News & Views banner. Its
principle objectives have always been to keep our clients informed of
important developments in the gold market; condense the available gold-based
news and opinion into a brief, readable digest; and counter the traditional
anti-gold bias in the mainstream media. That formula has won it a five-figure
subscription base (and growing). In addition to our regular newsletters, we
occasionally publish in-depth special reports that focus on events and
developments of interest to gold owners.
Valued
for its insight, accuracy and reliability, this pubilcation
is linked and reprinted regularly by a large number of websites both in the
United States and around the globe. It also enjoys the goodwill of countless
websites, individuals and organizations who contribute regularly to its
content. To this group, we owe a deep debt of gratitude.
Disclaimer - Opinions expressed
on the USAGOLD.com website do not constitute an offer to buy or sell, or the
solicitation of an offer to buy or sell any precious metals product, nor
should they be viewed in any way as investment advice or advice to buy, sell
or hold. USAGOLD, Inc. recommends the purchase of physical precious metals
for asset preservation purposes, not speculation. Utilization of these
opinions for speculative purposes is neither suggested nor advised.
Commentary is strictly for educational purposes, and as such USAGOLD does not
warrant or guarantee the the accuracy, timeliness
or completeness of the information found here.
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