Aden Sisters & Ian McAvity on Gold

The Aden Sisters write (and quote Ian McAvity):

“For those who think gold is already too expensive consider this from our dear friend Ian McAvity and his great newsletter, Deliberations… ‘Gold is about 52% higher than it was at its January, 1980 peak. Meanwhile, the CPI, which is the consumer measure of inflation, is 177% higher, the money supply is 464% higher and the stock market is nearly 900% higher.’ He notes, ‘I don’t think it untoward to suggest that gold is badly lagging a number of important yardsticks and at these levels it has some catching up to do.’ We couldn’t agree more and this will likely happen in the year ahead, and beyond.”

This quote comes from a Market Watch article.