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GoldEagle/Jordan Roy-Byrne/5-13-2021
“After updating my macro-market outlook report for subscribers, I realized something about Gold. On a historical basis, it remains incredibly cheap. It may seem expensive on the surface, trading near $2,000/oz, but the reality is contrary to the perception. Gold is trading around the same level as 10 years ago.”
USAGOLD note: Roy-Byrne goes on to quote three criteria by which the yellow metal is undervalued – when compared to growth in the monetary base, the current lows in its ratio with the S&P 500, and its historical low point as a percentage of global financial assets. Details at the link……
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