Gold’s rally has been unstoppable:
Gold prices have skyrocketed 34% year-to-date, marking the best performance since 1995.
At the same time, gold has seen 41 all-time highs and has already exceeded 2011’s performance when it posted 34 new all time highs.
Gold prices have also crossed $2,800 per ounce for the first time in history.
Adjusted for inflation, gold is trading at the highest level since the 1970s historic bull market.
Gold is now on track to record the best year since 1979 when prices finished 120% higher.
Gold is making history.
Gold's rally has been unstoppable:
Gold prices have skyrocketed 34% year-to-date, marking the best performance since 1995.
At the same time, gold has seen 41 all-time highs and has already exceeded 2011's performance when it posted 34 new all time highs.
Gold prices have also… pic.twitter.com/xgrFkPETDk
— The Kobeissi Letter (@KobeissiLetter) October 30, 2024