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Historically, one of the best performing periods for precious metals has been when the federal reserve begins to raise artificially low interest rates. While investors initially expect rising interest rates to be bad for precious metals they forget that even as the FED begins to raise artificailly low rates, interest rates will remain very inflationary until they reach a level that is higher than the real rate of inflation.
During the 1970′s golds bull run from 35$ oz to a high of 850$ oz for a gain of 2329% came during a time of rising interest rates. If we go by golds low of 250.95$ oz in 2001, if gold makes it’s same percentage gain during its current secular full market gold could easily reach 6,200$ oz before its bull run is over.
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