The following chart was created using daily London PM Fix price data courtesy of Perth Mint's historical data.
The chart shows the percentage gain made over the period 1971 to mid 1980 (blue) vs the period 2001 to mid 2011 (red). Daily price data only goes to August 1st (US$1623), so not showing is the larger spike to almost US$1900 (over the past few weeks) which would take the percentage gain to around 700% for the current bull market.
The chart shows the percentage gain made over the period 1971 to mid 1980 (blue) vs the period 2001 to mid 2011 (red). Daily price data only goes to August 1st (US$1623), so not showing is the larger spike to almost US$1900 (over the past few weeks) which would take the percentage gain to around 700% for the current bull market.
CLICK IMAGE TO ENLARGE
Just goes to show how much more there might be left in the current bull run and how quickly it could play out once the wheels are in motion (if we are to see a similar parabolic move to that made over 1978-1980).
BB.
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