Gold is Still Cheap Against USD ProfitScore

Gold is Still Cheap Against USD – ProfitScore

According to ProfitScore,

This next chart, on page 8 of the report, of the price of gold versus the monetary base (amount of money in circulation) shows that even at its current, rather lofty nominal price, gold is undervalued compared to the amount of printed money sloshing around the financial system.

Many people ask me that, Is Gold cheap right now or they should wait further to cool down the price of Gold?

Well, the gold is cheaper right now…!!!!

I know that, this will sound crazy to you. You will say that, what kind of insane statement above is? How can anyone in this world say that, the gold is cheaper right now?

But well, I have the evidence. Just see the above diagram. The above chart is the comparison of the US Monetary base with the Gold price. According to the chart, the gold is still cheap in comparison to the monetary expansion.

In comparison to the amount of money, the US Government has printed, the gold is really cheap right now. And I advise investors to buy more and more gold. This is because the US Government is devaluing its currency right now.

So I think Gold is still a cheap and you can invest in Gold at this level also…!!!