viernes, 14 de marzo de 2014

viernes, marzo 14, 2014
The case for gold right now 

Specially customized gold charts for the serious first-time investor
With special thanks to the St. Louis Federal Reserve and its FRED charting software.
Published with permission. These charts update automatically.


'A picture is worth a thousand words'

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. 

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Gold vs S&P500
London Gold versus the Standard & Poor's 500 Index
Shows a possible overvaluation in stocks and undervaluation in gold
Gold Annual Return
Annualized Gold ReturnsShows yearly gain or loss from 2000 to present
Gold versus Monetary Base
London Gold versus Monetary Base
Shows gold tracking monetary base, divergence in 2013

Gold last 12 months
London Gold Last Twelve MonthsShows price updated daily
Gold Annual Return
London Gold versus Reserve Bank Credit
Shows the effects of quantitative easing on the gold price, divergence since 2013
Gold Annual Return
London Gold Annual Rate of Return Over Same Month Previous Year
Gold Annual Return
London Gold Price 1968 to present (Log Scale)Shows gold's current secular bull market in relative scale to the 1970s bull market
5stars

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.

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