Michael Oliver: The Upcoming Event Set to Ignite Gold’s Rise to a New Gold Standard

by | Aug 11, 2023 | Fidelity IRA

Michael Oliver: The Upcoming Event Set to Ignite Gold’s Rise to a New Gold Standard




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New Gold Standard: Gold Will EXPLODE After This Event – Michael Oliver

Gold, the timeless symbol of wealth and store of value, has always been considered a safe haven asset during times of economic uncertainty. Investors flock to gold as a hedge against inflation, currency devaluation, and geopolitical tensions. However, according to renowned technical analyst Michael Oliver, a significant event is about to take place that will cause gold to explode in value, creating a new gold standard.

Michael Oliver, the author of several best-selling books on market analysis, has made some remarkable predictions throughout his career. His expertise lies in using long-term technical analysis to determine trends in financial markets. Oliver’s analysis is based on methodologies that largely disregard fundamental data and instead focus on price patterns and momentum indicators.

According to Oliver, gold is entering a critical phase, and an upcoming event will trigger a monumental rise in its value. This event, he argues, is the breakdown of the global fiat currency system. For years, central banks have been printing money at unprecedented rates, leading to a massive increase in global debt. This excessive money creation is eroding the trust in fiat currencies and setting the stage for a collapse.

Oliver points out that the U.S. dollar, the world’s reserve currency, is particularly vulnerable. With record levels of debt and a diminishing faith in the Federal Reserve’s ability to manage the economy, the dollar’s position as the dominant currency is being challenged. As confidence in fiat currencies wanes, investors will inevitably turn to gold to protect their wealth.

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What sets Oliver’s analysis apart is his technical indicators, which he claims have accurately predicted major market movements in the past. From his charts, he discerns an imminent breakout for gold. Oliver cites the bullish pattern gold has been forming since 2013. The prolonged consolidation phase, he argues, is setting the stage for a massive surge in gold’s value.

Furthermore, Oliver emphasizes the importance of the gold-to-S&P 500 ratio, which he considers a key indicator of market sentiment. The ratio measures how many ounces of gold are needed to buy the S&P 500 index. According to Oliver, this ratio is on the verge of a substantial change, with a sharp rise in gold’s value against equities.

While some skeptics may dismiss Oliver’s analysis as mere speculation, it is worth noting that contrarian views have often proven successful in predicting turning points in markets. Oliver’s accurate calls in the past have earned him a reputation as a trusted expert among investors. Therefore, his prediction about gold’s explosive rise is garnering attention from those seeking an alternative to traditional investments.

Whether or not Oliver’s prophecy materializes remains to be seen. The future of global financial markets is uncertain, with ongoing geopolitical tensions and unprecedented levels of debt. However, what can be agreed upon is that gold has always played a significant role in times of turmoil, and its appeal as a safe haven asset is unlikely to diminish. Investors would be wise to heed Oliver’s call and consider diversifying their portfolios with gold, preparing themselves for a potential explosion in value.

Truth about Gold
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