A description of what would occur over the long term with gold and silver was provided on January 15, 2023. The following charts were developed to provide nominal values with some perspective on that discussion. There are times, such as October-November 2008 and September 2022, when metal values diverge away from the U.S. Dollar’s relative value resulting in an undervalued situation for metals. As noted on January 15, 2023, the next peak in gold and silver is expected to occur between November 2024 and May 2025. During that time, an overvalued situation for the metals should occur.
