Gold Price Analysis: Closer To A Significant Monetary Event
By: Hubert Moolman
GoldSeek.com
Wednesday, 12 December 2018
The chart shows the ratio of the gold price to the St. Louis Adjusted Monetary Base back to 1918. That is the gold price in US dollars divided by the St. Louis Adjusted Monetary Base in billions of US dollars. (from macrotrends.com)
It would seem that we are now closer to point b, where that major monetary event could start to happen. An event similar to the 1933 gold confiscation (bankruptcy) and the 1971 announcement where the US ended the dollar convertibility to gold (at a fixed rate).
The stock market was always going to be the trigger for this event, and it is now very extended. When it falls over, we can almost be sure that big financial pain is coming.
Below, is a more short-term chart of the ratio of the gold price to the monetary base:
The Rest…HERE
