Global Gold Bull of Epic Proportions

I just wanted to remind everyone that this gold bull market is global. It transcends local markets for 2 reasons.

1.) Gold is valuable in almost any culture. Gold in India is the same as gold in China, which is the same as the gold in the US. Humans instinctively understand that gold is something of worth and this has been the case for thousands of years.

2.) There has never been such a simultaneous effort by the governments of the world to devalue their currencies. It's a race to the bottom.

This means that the rise in gold prices will be epic. The world has only a finite supply of mined gold. It cannot be created out of thin air to meet demand. It literally takes decades to find, secure, develop and then mine an ounce of gold. And let's not forget the millions, if not billions, of dollars that need to be secured to build the mine.

This, obviously is not the case for fiat currencies, which can now be created in microseconds at zero cost with a few keystrokes.

When you see the price of gold sky-rocketing, keep in mind that it is not just you who realizes this. The Indians, Chinese, Americans, Canadians, South Americans, Europeans, Asians, Africans, Russians.... they are all competing with you and the only thing that's going to matter is the price you are willing to pay. At some point the price is going to go parabolic.

From "The Privateer"
Gold In Euro, $US, $A, And Yen

Weekly bar chart - semi-log scale
Gold in Euros, U.S. Dollars, Aus. Dollars, and Yen.
All charts with 20 week (100-day) Moving Averages.