As you can see from the chart, when gold is ready to rise, it takes off. “Gold is in An Unshakeable Bull Market” Gold has broken out – with fury – from the range it was stuck in since the highs of 2020. According to MarketWatch: “Goldman Sachs says it’s the beginning of a structural bull market in commodities.” Following up on that, Goldman just came out the other day stating “Gold is in an unshakeable bull market”. And the Wells Fargo Investment Institute wrote, “After a decade of poor performance… commodities look poised to outperform other assets (possibly for a decade or more)… a new bull supercycle.” My take? I rarely, if ever, agree with mainstream finance. But in this case: We are still very, very early in this gold and resource “supercycle” market, the likes of which the world has never seen before. With gold prices spiking in short order the past 2 weeks, it has more than just regular precious metals investors paying attention. Checking around with different gold dealers for actual bullion, it’s difficult to find gold eagles or maples. And if you do, be prepared to pay a significant premium on top of the current spot price hovering above $2375 per ounce. We’ve seen some dealers charging well over $2,800 for a one-ounce gold coin. The #1 Way to Make Money in Gold At the end of the Cold War, there were 20 mining companies in the S&P 500. Today there are only 2. |
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