posted on Sep, 14 2011 @ 06:49 PM
So, curious over the future of gold prices, I started doing some research on the price of gold as compared to the previous spike, the late 1970's. I
was astonished at what I found. The chart of the past year is almost IDENTICAL to the chart of 1978-1979. Here are the charts, what do you think?
(All charts courtesy of Gold breaking news.com)
Chart since May 2010
Chart of 1978-1979:
Crazy, huh? For an idea of how similar the charts are, here are the two plotted on top of each other:
They're incredibly similar! But lastly, here's the kicker. A chart plotting the parabolic rise in gold in 1978-1979, if it were to happen today:
So, we might see $3550 gold by the new year
Pretty crazy stuff. What do you all think? Is the price of gold going much higher in the coming months?
edit on 14-9-2011 by mossme89 because:
(no reason given)