Gold has a unique ability to preserve wealth during economic turbulence. Throughout history, gold has maintained its status as the ultimate form of money while countless currencies have failed and disappeared. This resilience is what makes gold bull markets particularly significant for investors seeking to protect and grow their wealth during times of monetary instability.
When analyzing historical gold bull markets, patterns emerge that can help us understand not only when these powerful price moves might begin, but also how they typically unfold and ultimately conclude. These insights become especially valuable for positioning portfolios ahead of major economic shifts.
Gold's Historical Rise: The Biggest Bull Markets Since 1970
Since the collapse of the Bretton Woods system in 1971, gold has experienced three major bull markets, each with distinctive characteristics but remarkably similar catalysts. The 1970s saw gold rise from $35 to $850 – a staggering 2,300% gain. The 2000s bull market took gold from $250 to over $1,900 – a 660% increase. Our current bull market began around 2015-2016 when gold bottomed near $1,050 before surging to new all-time highs above $2,000 in 2020, with continued strength in subsequent years.
Each of these powerful uptrends shared common DNA – they all emerged during periods of monetary debasement, financial stress, and eroding confidence in conventional financial assets. Understanding these similarities provides a framework for recognizing when conditions are ripe for gold's next major move higher.
What Exactly Triggers Gold Bull Markets?
Gold bull markets don't emerge randomly. They're systematic responses to specific economic and monetary conditions. Four primary catalysts have historically set the stage for major gold price advances: inflation pressures, dollar weakness, geopolitical instability, and central bank purchasing behavior. When multiple catalysts align simultaneously, gold typically experiences its most powerful upward price movements.
Inflation: Gold's Primary Fuel
Inflation has consistently been gold's most reliable driver. During the 1970s inflation crisis, when annual CPI readings exceeded 14%, gold experienced its most dramatic bull market in modern history. This relationship exists because gold maintains its purchasing power while fiat currencies lose value during inflationary periods. The metal effectively serves as monetary insurance against the erosion of currency value.
More recently, we've seen this relationship play out following the unprecedented monetary expansion that occurred in response to the COVID-19 pandemic. As inflation readings surged to multi-decade highs in 2021-2022, gold prices responded by breaking previous resistance levels and establishing new all-time highs. This pattern has repeated throughout monetary history because gold cannot be printed or created out of thin air like fiat currency.
Dollar Weakness Propels Gold Higher
Gold typically demonstrates an inverse relationship with the U.S. dollar. When the dollar weakens against other major currencies, gold prices tend to rise, and this effect is particularly pronounced during sustained dollar downtrends. This correlation exists because gold is priced in dollars globally, making it cheaper for foreign buyers when the dollar falls, thereby increasing demand.
Geopolitical Tensions and Crisis Events
Market uncertainty during geopolitical crises consistently drives capital toward gold's safe harbor. The Iranian hostage crisis of 1979-1980, the aftermath of the September 11 attacks, the 2008 financial crisis, and the COVID-19 pandemic all triggered significant gold price advances. These events shake investor confidence in conventional financial systems and governments, highlighting gold's appeal as an asset that exists outside the banking system with no counterparty risk.
What makes these crisis-driven moves particularly powerful is that they often coincide with central bank policy responses – namely interest rate cuts and quantitative easing – which themselves become additional catalysts for higher gold prices. This dual effect can create exceptionally strong momentum in precious metals markets.
Central Bank Buying
The purchasing behavior of central banks represents a fundamental shift in the gold market over the past 15 years. After decades as net sellers, central banks globally became net buyers of gold in 2010 and have accelerated their purchases in recent years. Countries including Russia, China, India, Turkey, and numerous emerging economies have substantially increased their gold reserves as they seek to reduce dependence on the dollar-dominated financial system.
This transition represents a profound change in gold market dynamics. Central banks now compete with private investors for physical gold supplies, creating a sustained source of demand that wasn't present in previous bull markets. In 2022-2023, central bank gold buying reached record levels, absorbing a significant portion of annual mine production and contributing to upward price pressure.
The 1970s Gold Bull Market: Inflation and Monetary Chaos
The 1970s gold bull market stands as the most dramatic in modern history, fundamentally reshaping how investors viewed the yellow metal. This era transformed gold from a forgotten relic to a sought-after financial asset during a period of extraordinary monetary turmoil. Understanding this pivotal decade provides essential context for all gold bull markets that followed.
Nixon Shock: When Gold Was Set Free
On August 15, 1971, President Richard Nixon made a decision that would forever change the global monetary system – he unilaterally ended the dollar's convertibility to gold, effectively terminating the Bretton Woods agreement that had governed international finance since 1944. This "Nixon Shock" removed the last formal link between gold and the world's reserve currency, allowing the dollar to float freely and gold prices to be determined by market forces rather than government decree.
Prior to this momentous event, gold had been officially fixed at $35 per ounce for decades. The elimination of this price control mechanism unleashed gold's natural response to monetary conditions, setting the stage for its extraordinary rise over the following decade. This pivotal moment marked the true beginning of gold's modern trading era and the start of its most explosive bull market.
How Gold Surged 2,300% in Nine Years
Following the Nixon Shock, gold began a remarkable ascent that would see it gain over 2,300% by January 1980. This wasn't a straight-line move – the journey included several significant corrections, including a 43% pullback in 1975-1976 that tested investors' resolve. However, each correction ultimately proved to be a buying opportunity as the fundamental drivers remained firmly in place.
The primary fuel for this historic bull run was persistent and accelerating inflation. Consumer prices rose at an annual rate exceeding 14% by 1980, eroding purchasing power and undermining faith in paper currencies. The oil crises of 1973 and 1979 added additional inflationary pressures, while geopolitical tensions including the Iranian hostage crisis heightened economic uncertainty. Throughout this period, gold fulfilled its role as inflation insurance, maintaining and ultimately increasing its real purchasing power while paper assets struggled.
"During the 1970s bull market, gold didn't just keep pace with inflation – it dramatically outperformed it, delivering real returns that far exceeded what was needed to merely preserve purchasing power. This demonstrates how gold can transform from a defensive holding to an offensive wealth-creation vehicle during periods of monetary instability."
The Final Blowoff Top and What Caused It
The culmination of the 1970s bull market came in an extraordinary parabolic price surge that took gold from around $500 in early 1979 to its peak of $850 by January 1980. This vertical move represented the classic final stage of a bull market – the public participation phase – as mainstream investors rushed to secure gold amid fears of economic collapse. The Soviet invasion of Afghanistan in December 1979 provided the geopolitical catalyst for the final surge, creating a perfect storm of monetary and geopolitical uncertainty.
The blow-off top finally ended when Federal Reserve Chairman Paul Volcker implemented aggressive interest rate hikes, eventually raising rates to an unprecedented 20% to combat inflation. These extreme measures succeeded in breaking inflation's back, removing gold's primary catalyst and initiating a multi-year bear market. This transition illustrates a crucial lesson: gold bull markets typically end not when the metal becomes overvalued, but when the fundamental conditions driving them are decisively addressed through policy changes.
The 2000s Bull Run: Financial Crisis Protection
After two decades of relative dormancy following the 1980 peak, gold began its second major bull market around 2001. This cycle would take gold from approximately $250 per ounce to over $1,900 by 2011 – a 660% increase that validated gold's enduring role as crisis insurance. Unlike the 1970s run, which was primarily driven by inflation, the 2000s bull market demonstrated gold's broader appeal during times of systemic financial stress.
Tech Bubble Burst: Gold's New Beginning
Gold's 21st-century bull market began quietly amid the dot-com crash of 2000-2002. As technology stocks imploded and equity investors saw trillions in paper wealth evaporate, gold began a steady uptrend that few noticed initially. The terrorist attacks of September 11, 2001 added geopolitical uncertainty that further supported precious metals. During this early phase, gold advanced methodically rather than dramatically, climbing from $250 to around $500 by 2005, establishing a solid foundation for the more explosive moves that would follow.
2008 Financial Crisis: When Gold Truly Shined
The 2008 global financial crisis provided the defining moment for gold's 2000s bull market. While nearly every conventional asset class experienced devastating losses during this period, gold demonstrated its extraordinary crisis alpha. Initially, gold corrected alongside other assets in the liquidity crunch of late 2008 as investors sold anything they could to meet margin calls. However, it quickly rebounded and surged higher as the Federal Reserve unleashed unprecedented monetary stimulus through zero interest rates and quantitative easing.
This period demonstrated gold's dual nature during financial crises. In the immediate liquidity phase of a crisis, gold sometimes experiences short-term weakness. But once emergency monetary responses begin, it typically outperforms dramatically, as it did from late 2008 through 2011. During this period, gold rose from approximately $700 to over $1,900 – a 170% gain at a time when many investors were still recovering from significant losses in conventional assets.
Why Gold Reached $1,900 in 2011
The pinnacle of the 2000s gold bull market came in 2011 when prices reached $1,900 per ounce amid growing sovereign debt concerns, particularly the European debt crisis. As Greece, Spain, Portugal, and other Eurozone nations faced potential defaults, investors questioned the stability of major currencies and government bonds. The Federal Reserve's implementation of QE2 and Operation Twist during this period further eroded confidence in conventional financial assets, driving capital toward gold's historical safety.
This peak demonstrated gold's sensitivity to both monetary policy and sovereign debt concerns. Unlike the 1970s bull market that ended with aggressive interest rate hikes, the 2011 top formed as the immediate crisis eased and despite continued monetary accommodation. The subsequent multi-year correction took gold down to $1,050 by December 2015, setting the stage for the next bull cycle.
The Current Gold Bull Market: 2015-Present
Gold's current bull market began inconspicuously in late 2015 when prices bottomed around $1,050 per ounce after a brutal four-year bear market. This bottoming process laid the foundation for what has since developed into a powerful uptrend with distinctive characteristics that set it apart from previous cycles. The current bull market has been more resilient and persistent, with stronger underlying fundamentals supporting each new advance.
The Bottoming Phase: 2015-2018
The early stage of gold's current bull market was characterized by quiet accumulation as smart money recognized the extraordinary value proposition gold offered at $1,050-$1,200. Central banks significantly increased their purchases during this period, with Russia, China, and other nations systematically adding to reserves. This accumulation occurred against a backdrop of historically low interest rates and expanding central bank balance sheets, creating ideal conditions for gold despite limited inflation pressures at the time.
This early phase saw gold advance methodically from its $1,050 low to around $1,350 by early 2018. The lack of volatility and media attention during this period was typical of the stealth phase of a bull market, where foundations are built for more dramatic moves later. Institutional investors gradually increased allocations while retail interest remained minimal – exactly the sentiment profile that typically precedes major uptrends in gold.
COVID Catalyst: Why Gold Broke $2,000
The COVID-19 pandemic in 2020 provided the crisis catalyst that propelled gold into its acceleration phase. As governments worldwide implemented unprecedented fiscal and monetary responses – including trillions in stimulus and emergency rate cuts to zero – gold surged through resistance at $1,350-$1,400 and quickly reached new all-time highs above $2,000 by August 2020. This move validated the structural strength of the bull market that had been building since 2015.
What made this advance particularly noteworthy was gold's performance during the initial liquidity crisis in March 2020. Unlike in 2008, gold experienced only a brief pullback before quickly resuming its uptrend – demonstrating increased resilience compared to previous cycles. This suggested stronger underlying demand and a more diverse investor base supporting the market, including significant central bank buying that was absent in previous bull markets.
Recent Record Highs: What's Different This Time
The current gold bull market has demonstrated remarkable staying power, with prices establishing new record highs after periods of consolidation. This resilience reflects several structural factors unique to this cycle: central bank buying at unprecedented levels, persistent inflation concerns despite rate hikes, growing recognition of unsustainable global debt levels, and geopolitical fragmentation that threatens dollar hegemony.
Perhaps most significantly, gold has advanced despite aggressive interest rate increases by the Federal Reserve – historically a headwind for precious metals. This unusual strength during a rate-hiking cycle suggests deeper structural forces supporting gold prices, potentially foreshadowing even stronger performance when monetary policy eventually reverses to a more accommodative stance. The pattern of higher lows and higher highs has maintained the technical integrity of the bull market, with each consolidation phase building energy for the next advance.
Five Common Patterns in Every Major Gold Bull Market
Despite their unique catalysts and timelines, gold bull markets consistently follow similar psychological and technical patterns. Understanding these recurring characteristics helps investors recognize where we stand in the current cycle and what to expect next. These patterns reflect the predictable human emotions that drive market behavior across different eras.
1. Early Stage: The Stealth Phase When Smart Money Buys
The first phase of every gold bull market begins quietly with minimal public attention. Prices rise gradually from oversold conditions as knowledgeable investors accumulate positions based on fundamental value rather than momentum or mainstream narratives. This phase typically lasts several years and includes periodic corrections that shake out speculators while allowing stronger hands to build positions at attractive prices.
During this stealth phase, mainstream financial media pays little attention to gold, often dismissing it as an irrelevant relic while focusing on more popular assets. This negative or indifferent sentiment creates ideal conditions for accumulation by informed investors who recognize the changing fundamentals before they become widely acknowledged. The 2015-2018 period exemplified this phase in the current cycle, with minimal coverage despite gold's steady advance from its lows.
2. Middle Stage: Institutional Recognition
As the bull market progresses, price advances become more pronounced and technical patterns attract professional money managers. Institutional investors begin allocating capital to gold as performance becomes too compelling to ignore. Media coverage increases but remains skeptical, focusing on potential risks rather than underlying drivers. This middle phase typically delivers the most consistent returns with a balance of momentum and periodic healthy corrections.
During this phase, gold mining stocks often begin outperforming the metal itself as improved profit margins attract capital. We appear to be in this stage of the current bull market, with increasing institutional participation but still-limited public involvement. This middle phase can last several years and usually accounts for the largest percentage of the overall bull market advance.
3. Final Stage: Public Participation and Media Attention
The final stage of a gold bull market is characterized by widespread public participation and intense media coverage. Price advances accelerate as new buyers enter the market based on performance chasing rather than fundamental understanding. During this phase, taxi drivers offer gold tips, mainstream investment programs feature gold analysts, and even skeptics grudgingly acknowledge the trend. The 1979-1980 period represents the classic example of this final euphoric phase.
This public participation stage often delivers the most dramatic percentage gains in the shortest time period, but also signals the approaching end of the cycle. The emotional buying that drives this phase eventually exhausts itself, typically coinciding with policy changes that address the underlying conditions that sparked the bull market initially. We have not yet entered this phase in the current cycle based on sentiment indicators and public awareness levels.
4. Blow-Off Top: Parabolic Price Moves
Most major gold bull markets conclude with a parabolic "blow-off" phase where prices advance vertically rather than diagonally on the charts. This acceleration reflects panic buying as fear of missing out overcomes rational analysis. The January 1980 spike to $850 and the August-September 2011 surge to $1,900 both demonstrated this characteristic vertical price structure that signaled imminent exhaustion of the buying pressure.
These blow-off tops typically occur when prices disconnect from fundamental valuations and move based purely on momentum and emotion. They're often triggered by a specific event – the Soviet invasion of Afghanistan in 1979 or the European debt crisis in 2011 – that crystallizes existing fears into panic buying. We have not yet seen evidence of this parabolic final phase in the current bull market.
5. The Bear Market: Why Corrections Are Healthy
Every gold bull market is eventually followed by a corrective phase or outright bear market that retraces a significant portion of the advance. These corrections serve the essential function of resetting valuations, sentiment, and positioning for the next cycle. The 1980-2001 period and the 2011-2015 correction both allowed gold to build energy for subsequent bull markets by shaking out speculative excess and restoring fundamental value.
Rather than fearing these corrections, experienced gold investors recognize them as natural and necessary components of the longer-term cycle. They provide the best buying opportunities for positioning ahead of the next bull phase. The depth and duration of these corrections typically correspond to the extremes reached in the preceding bull market, with more extreme tops leading to deeper and longer corrective phases.
Current Market Indicators: Are We Mid-Cycle?
Multiple technical and fundamental indicators suggest the current gold bull market is in its middle phase rather than approaching a top. Sentiment surveys show mixed positioning rather than extreme bullishness, central bank buying remains robust, inflation persists despite rate hikes, and geopolitical fragmentation continues to threaten dollar hegemony. Perhaps most tellingly, mainstream financial allocation to gold remains minimal compared to historical peaks.
The technical structure of gold's chart shows a series of higher lows and higher highs – the definition of an intact bull market – without the parabolic acceleration that typically signals a major top. Gold's performance against other asset classes, particularly the S&P 500, suggests the relative value case remains compelling compared to previous cycle peaks. These factors collectively point to substantial potential upside remaining in the current cycle.
Technical Analysis: Gold's Cup and Handle Pattern
Gold's long-term chart has formed a massive cup and handle pattern over the past decade – one of the most reliable continuation patterns in technical analysis. The "cup" formed between 2011 and 2020, with the "handle" developing during the 2020-2023 consolidation. This pattern typically resolves with a measured move approximately equal to the depth of the cup, suggesting potential targets substantially higher than current levels.
Supporting this bullish technical structure, gold has maintained position above its 200-day moving average during consolidation phases, demonstrating underlying strength. Volume patterns have shown higher participation during advances than during corrections – another hallmark of a healthy bull market. The series of higher lows establishes strong support levels that limit downside risk while creating platforms for future advances.
Inflation Signals and Fed Policy Direction
Despite aggressive rate hikes since 2022, inflation has proven more persistent than policymakers expected, maintaining a key fundamental support for gold prices. The structural nature of current inflation – driven by deglobalization, labor shortages, and supply chain restructuring – suggests this support may remain intact even as headline numbers moderate. More importantly, real interest rates (nominal rates minus inflation) remain low by historical standards, creating a favorable environment for non-yielding assets like gold.
The Federal Reserve's massive balance sheet expansion during and after the pandemic represents another structural support for gold prices. Even as quantitative tightening has begun, the absolute level of monetary accommodation remains extraordinary by historical standards. The likelihood of eventual policy reversal as economic growth slows further strengthens the case for gold's continued uptrend as the cycle progresses.
Sentiment Readings: How Much Optimism Is Priced In
Contrary to what might be expected during a record high price environment, sentiment indicators for gold show restrained optimism rather than extreme bullishness. Futures positioning data reveals managed money remains cautiously positioned rather than overextended. Retail investment flows show steady rather than frenzied buying. Media coverage, while increasing, lacks the euphoric tone typically seen near major tops.
This relatively subdued sentiment profile creates room for substantial additional participation as the bull market progresses. The absence of widespread public involvement – compared to the ubiquitous gold advertisements and retail frenzy of 1979-1980 – suggests we have not yet entered the final acceleration phase that characterizes the end of major gold bull markets. This sentiment backdrop supports the mid-cycle thesis rather than an imminent top.
How to Position Your Portfolio for Maximum Gains
Maximizing returns during a gold bull market requires more sophisticated strategy than simply buying the metal itself. Different vehicles offer varying risk-reward profiles and tend to outperform at different stages of the cycle. A comprehensive precious metals strategy typically includes physical metals for foundation, mining stocks for leverage, and potentially options or specialized vehicles for tactical opportunities as the cycle matures.
The optimal allocation depends on both the investor's risk tolerance and assessment of where we stand in the current cycle. Early-stage bull markets favor physical metals and senior producers, while mid-cycle periods often see mid-tier producers outperform. Late-cycle environments can see extraordinary performance from junior miners and exploration companies as speculative capital floods the sector. Understanding these relationships helps investors maximize returns while managing risk appropriately.
Physical Gold vs. Paper Gold: Which Performs Better
Physical gold consistently outperforms paper gold alternatives during periods of maximum financial stress – precisely when performance matters most. While ETFs like GLD offer convenience and liquidity under normal market conditions, they've occasionally traded at discounts to underlying metal during severe market dislocations. Physical gold in your direct possession eliminates counterparty risk and performs its wealth preservation function regardless of financial system functionality.
Gold Mining Stocks: Leverage to Gold's Price
Gold mining stocks typically offer leverage to gold's price movements, magnifying both gains and losses. This relationship exists because mining costs remain relatively fixed while revenue fluctuates with gold prices, creating operational leverage. During the 2000-2011 bull market, the HUI gold miners index rose approximately 1,600% while gold gained 660%, demonstrating this multiplier effect in action.
The degree of leverage varies based on company-specific factors including production costs, balance sheet strength, and growth profile. Senior producers with established operations typically offer 1.5-2x leverage to gold, while mid-tier producers might deliver 2-3x, and junior explorers can see 5-10x movements (in both directions). This leverage makes mining stocks powerful tools for amplifying returns during bull markets but requires careful selection and risk management.
Silver's Role: The High-Beta Gold Play
Silver typically outperforms gold during precious metals bull markets, often described as "gold on steroids" due to its higher volatility and beta to gold prices. During the 1970s bull market, silver gained nearly 3,800% compared to gold's 2,300%, while in 2008-2011, silver rose 440% versus gold's 170%. This outperformance reflects silver's smaller market size, industrial demand component, and tendency to lag initially before catching up explosively in later bull market stages.
My Bull Market Prediction: Where Gold Prices Are Headed Next
Based on historical patterns, technical projections, and fundamental drivers, the current gold bull market likely has substantial room to run. The absence of extreme sentiment, limited public participation, and continued central bank buying suggest we're in the middle rather than final phase of this cycle. Technical projections based on the cup and handle formation point to potential targets in the $3,000-$4,000 range before this cycle completes.
Looking at previous cycles, gold's gains from the 2015 low of $1,050 have been significant but remain far below the percentage increases of prior bull markets. The 1970s saw a 2,300% gain, while 2001-2011 delivered a 660% increase. The current cycle has seen approximately a 100% gain from the lows – suggesting substantial upside potential if historical patterns repeat with even partial similarity.
The most compelling case for continued strength comes from the structural monetary and fiscal situation globally. With government debt at record levels, central banks maintaining historically accommodative policies despite recent tightening, and geopolitical fragmentation threatening dollar hegemony, the fundamental drivers that initially sparked this bull market not only remain in place but have intensified. These conditions closely parallel previous major gold bull markets but with even greater extremes in monetary and fiscal metrics.
Frequently Asked Questions
The historical patterns of gold bull markets generate many common questions from investors seeking to apply these lessons to current market conditions. Understanding these historical precedents helps frame expectations and develop more effective investment strategies.
How long do gold bull markets typically last?
Major gold bull markets historically last between 10-12 years from initial bottom to final peak. The 1970s cycle ran approximately 9 years (1971-1980), while the 2000s bull market lasted about 11 years (2000-2011). The current cycle began in late 2015, suggesting we may have several years remaining before a cyclical peak if historical patterns hold. However, the unique structural conditions of the current environment could potentially extend this timeframe beyond historical norms.
What's the best way to invest in gold during a bull market?
The optimal gold investment approach varies based on market cycle positioning and individual risk tolerance. Physical gold provides the most reliable wealth preservation with minimal counterparty risk, making it the foundation of any precious metals strategy. Mining stocks offer leverage for amplified returns but with increased volatility and company-specific risks. A balanced approach often includes a core position in physical metal supplemented with carefully selected mining stocks appropriate to the current market phase and risk appetite.
How high could gold prices go in the current bull market?
While specific price targets involve significant uncertainty, historical patterns suggest substantial potential upside remains in the current gold bull market. Previous cycles saw gold rise between 660% and 2,300% from trough to peak. Applied to the 2015 low of $1,050, these historical percentages would suggest potential targets between $7,000 and $25,000 – though such extreme targets would likely require extraordinary monetary conditions.
More conservative technical projections based on the completed cup and handle pattern suggest initial targets in the $3,000-$4,000 range, representing approximately 50-100% upside from current levels. These projections align with fundamental valuation methods such as gold/monetary base ratios and inflation-adjusted historical prices.
What typically ends a gold bull market?
Gold bull markets typically end when the fundamental conditions driving them are decisively addressed through policy changes. The 1970s bull market ended when Paul Volcker raised interest rates to 20% to break inflation's back. The 2011 peak occurred as the acute phase of the European debt crisis subsided and deflationary forces temporarily gained the upper hand. In each case, the catalyst that initially drove gold higher was neutralized or reversed.
Do gold stocks outperform physical gold during bull markets?
Gold mining stocks typically outperform the metal itself during bull markets due to operational leverage. During the 2000-2011 bull market, the HUI gold miners index gained approximately 1,600% compared to gold's 660% rise. However, this outperformance comes with significantly higher volatility and company-specific risks. Mining stocks also tend to underperform physical gold during severe market dislocations and can decline even when gold rises if operating costs increase faster than the metal price.
The degree of outperformance varies substantially based on the specific phase of the bull market. Mining stocks often lag in the early stages as the metal establishes its uptrend, outperform significantly in the middle phase as operational leverage kicks in, and then experience extraordinary but volatile gains in the final speculative phase as capital floods the sector.
For traders looking to maximize returns while managing risk appropriately, understanding gold bull market cycles and their historical patterns provides invaluable context for navigating the current precious metals environment. The weight of evidence suggests we're in the midst of a significant gold bull market with considerable potential remaining – particularly as monetary and fiscal extremes continue to drive investors toward history's ultimate safe haven.
