Peter Krauth, the editor of Gold Resource Investor, traces previous gold bull markets and lays out what he believes is in store for the current one.
If we want to make intelligent forecasts and decisions about our future, we need to understand not only where we are today, but also how we got here. So, let's look at previous gold bull markets for some insight on what we might expect from this one.
Gold enjoyed a tremendous bull market in the 1970s. That decade was fraught with geopolitical uncertainty, an oil embargo, and big inflation to name a few. Of course, many of these factors were already in place and building up in the years before, but they came together by the early 1970s.