The last precious metals blow off top in 1980 saw gold rise to equal the US M2 currency for a week or so at $850 per ounce just as Jim Sinclair had predicted several years earlier.
The last entry on the last chart below shows that the US M2 currency base today indicates gold at $55k per ounce.
What are the odds that it will happen again?
Given that there are billions more global traders in the game now than there were during the height of the Cold War in 1980, gold rising to equal the US M2 again, now at $55k per ounce, is a real possibility in the currency "crackup boom."
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