Gold can be purchased for just $57.49 USD per gram, at time of writing. In most other currencies (except the Swiss Frank), the price per gram or ounce has skyrocketed. It will cost over $78 in Canadian dollars, $85 in Australian dollars, $448 Hong Kong dollars and 4781 Indian Rupees to buy just one gram of gold, to name a few.

In fact, just today gold hit a record high in Pakistan as people turn to precious metals as economic conditions worsen.

One troy ounce of gold contains 31.1034768 grams. Inversely, One gram = 0.0321507466 troy ounce. While the price of gold has fluctuated wildly since year 2000, climbing to a new high of just under $1,950 in the spring of 2011 only to lose almost 50% of that value over the next few years, it didn't begin to recover until September 2019, when the reverse repo market collateral crisis started rearing its ugly head.

Since then, gold broke to a new high of about $2,070 in August 2020 in the midst of the worldwide lockdowns only to be swatted down some $300 in the last year to once again show signs of recovery when just this morning, the U.S. jobless report came out, surging to 10 month highs, propelling gold higher, as shown below.

(Thanks to Kitco.com for the use of their charts)

While, as mentioned, gold comes with extreme volatility, the long term metrics proves that gold has outperformed even the Dow Jones Index. Holding for the long haul has proven quite lucrative for those who stuck to their guns. See chart below.

As mentioned earlier, gold went down considerably this year as can be seen in the last 6 month period highlighted in red, having dropped 3.38% but looking at full year results, gold is still up 0.39%. The 5 year return has been a healthy 43.44%, a much higher return than any bank will give you but what is most stunning about this chart is the rate of change since year 2000.

Since 2000, gold has added $1,4502.60 in dollar value for a stunning 522.10% increase. SaxoBank predicts gold will hit $3,000 sometime in 2023. Egon von Greyerz of Matterhorn Investments wrote in a recent article on KingWorldNews that while the U.S. debt has gone up 35 times since 1981, tax revenues have only increased by 8 times. I'm mentioning this because to me, this is just one of many clues that suggest gold is going much higher.

Central banks have gone on a wild gold buying spree this year, 399 tons just in the last quarter. They haven't done anything like this since 1967! As I've predicted in previous articles, I believe they are planning on revaluing gold sometime in the near future.

Most people aren't aware that the central banks of the U.S.A. and across Europe still have their gold reserves valued at 1971 prices, $44 to $47 per ounce. Revaluing to $2,000 would kill any fiscal deficit but only for a little while. Revaluing to $5,000, then $10,000 and beyond is a likely scenario. 

For now, one gram can be purchased for just $57.49 USD. Consider accumulating by the gram through the OwnX program by making monthly or weekly purchases. I'm a long time customer as I've been with them since the beginning when they used to be called 'Silver Saver'. 

Looking at the historical silver price chart below, we can see that it too has enjoyed a stellar increase in value, more than 325% since year 2000.

Having lost about a dollar in value 2 days ago, my favorite previous metal has recovered its losses and is back above the $23 mark.

You can invest in silver without the retail markup. Visit OwnX to begin your adventure in purchasing gold, silver and other precious metal products. Nothing is more guaranteed to last forever like gold and silver. It's REAL MONEY, PERIOD!

One last thing. Below is my RSP portfolio, divided into three separate investment classes, 'Special Equities Funds', 'Asset Allocation Funds' and 'Fixed Income Funds'. The Special Equities Fund and specifically Mackenzie Precious Metals has done excellent in the 5 year return period. The 10 year return came in second place, almost 4% higher that Fixed Income Funds. Of the three classes, the one with precious metals is the only one to gain by double digits. I expect that at the end of 2023, the Special Equities Fund will be top dog on this list.

John Pierpont Morgan: "Gold is money. Everything else is credit".

Are you an author on PublishOx. Add OwnX referral links to your posts by opening an account with OwnX and making a small monthly purchase of any precious metal by linking to your bank account. It's so easy to set up and the big bonus: Earn actual precious metal rewards each time one of your referrals makes a purchase.

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